MBO Issue 111 (Mar 2021) Last Banquet
By Lawrence
Content
- Review
- Euro Weekly Pullback Continues
- S&P Just Formed an Interesting Tradable Pattern
- Gold Almost There
- Bitcoin Last Push in Progress
- 10-Year Note Down Trend in Place
- Big Picture Summary
Review
Euro dropped as expected due to the spike in US interest rate.
S&P consolidates around the orange zone as expected. Major support not breached.
Gold bugs got it so wrong. Thanks to USD strength gold pullback deeper than people think.
Bitcoin correct from 40,000 down to 28,000 before all these famous billionaires enter the game to push it higher. The volatility is so high that if you are not a seasoned trader this is one of those nightmares you don’t want to experience in your life time.
10-year Note yield spike to the lower zone that we know it will trigger reactions from various financial markets.
As if everything happened according to a boring script, we got that and now let’s move on.
Let’s see if this month may actually gives us a few surprises.
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