MBO Issue 120 (December 2021) Someone Trying To Cancel Christmas
By Lawrence
Content
- Review
- Euro Stunned
- S&P Seasonal Pullback Started
- Gold Stuck in Compression
- Bitcoin Existential Threat
- 10-Year Note YCC Confirmed
- Big Picture Summary
Review
Euro failed to even try to take out the channel mid above and broken down to below 1.14 as expected.
Upper boundary indeed defined for S&P before option expiration week and the “pre-Christmas rally” correction happened right on time.
Gold being the lagger created problems for it to go higher as expected while Bitcoin made the new daily swing highs.
10-Year Note Yield got crushed thanks to YCC as I pointed out in last issue.
So nothing unusual happened last month and that December, the last month of the year is here.
Will we see a surprise year end crash that ruins everyone’s party? Read on.
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