MBO Issue 109 (Jan 2021) One Crisis Away from Armageddon
By Lawrence
Content
- Review
- Euro: Upside Target Reached
- S&P: Embrace for Volatility Again
- Gold: Going for 2020 Year High
- BitCoin: Millionaire- or Widow- Maker
- 10-Year Note: Facing the Inevitable
- Big Picture Summary
Review
Euro pushed higher as expected to tag the up channel resistance.
S&P reacted to 3700 zone as expected but the attempt to pullback has failed once the 2 weeks time window was used up.
For gold, we got a near prefect slingshot higher low bottom on daily that pushed it higher back to challenge its 2020 year high.
Normal holiday price actions overall with some surprises right after New Year.
What comes next will be very interesting though.
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