MBO Issue 114 (June 2021) The Word Transitory Is Too Ambiguous
By Lawrence
Content
- Review
- Euro Going Nowhere
- S&P Is Tired
- Gold In Bullish Time Window Still
- Bitcoin Near Term Projection
- 10-Year Note Yield Projection Hasn’t Changed
- Big Picture Summary
Review
Euro stuck in tight range waiting for something significant to happen.
S&P going nowhere like Euro, except it is staying at its all time high with extremely thin volume.
GLD cleared its down trendline resistance and has to prove it has the strength to push higher to challenge its all time high.
Bitcoin is stuck near its crash bottom as expected.
10-Year Note Yield Rate sitting well above its support zone waiting for the next move.
Overall, May was a quiet month setting up the stage for some explosive moves later this summer.
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