MBO Issue 112 (Apr 2021) Hopes and Dreams
By Lawrence
Content
- Review
- Euro Bulls are Trapped
- S&P Feels the Power of 2 Trillion Dollars
- Gold in Weekly Consolidation
- Bitcoin at Its Most Important Junction
- 10-Year Note Yield Rate can Go a Lot Higher and Much Faster Than Anticipated
- Big Picture Summary
Review
Euro traded down to weekly down channel support as expected.
S&P “anti-setup” worked out with a new high printed and kickstarted a 2 week pullback as expected. However, the magnitude was much smaller than anticipated due to strength in Dow.
Gold trapped in range as expected.
BTC got 62K target and pullback as expected.
Fed tried hard to hold the 10-year yield rate as expected.
Almost everything happened as orderly as predicted.
Let’s see what’s in store for us this month.
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