MBO Issue 127 (July 2022) End of the Free Money Era
By Lawrence
Review
- Euro Going Lower
- S&P Sideway Until Seasonal Hits
- Gold Daily Down Trend Established
- Bitcoin Not Safe To Play
- 10-Year Note Yield Consolidation Started
- Big Picture Summary
Review
Euro went lower as expected.
S&P fell to previous year low and bounced back up to 25% of previous year range, also as expected.
Gold failed to hold the higher support and is now going to for long term up channel midpoint.
Bitcoin continues with its normalization and stuck at the original breakout zone from 2 years ago.
10-Year Note Yield tagged my target and started to fall as expected.
Not a surprise that all financial markets are experiencing very wild swings last month.
What matters most is whether this kind of volatility will continue.
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