MBO Issue 131 (November 2022) In Order To Get a Christmas Rally
By Lawrence
Content
- Review
- Euro Consolidation Before Next Big Move
- S&P Has To Do This First So That We Can Get The Christmas Rally
- Gold Bottom Building
- Bitcoin Bankruptcy Pattern Persists
- 10-Year Note Yield Short Term Top Forming
- Big Picture Summary
Review
Euro found a short term bottom at the 4th channel expansion and now slowly recovering.
S&P bounced off its down channel support on weekly and then blocked from going higher at the resistance zone highlighted in last issue.
Gold trying to develop a bottom but it is going to take time.
Bitcoin drifting higher from its support zone back up to the middle of nowhere.
10-Year Note Yield pushed higher as expected but then stalled back down to 4%.
October turns out to be a quiet month comparing to the past few months. Now that US mid-term election is here, let’s get ready for the next major moves.
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