MBO Issue 136 (April 2023) The Boomers Are Gone and It Matters
By Lawrence
Content
- Review
- Euro Trying to Break Its Weekly Down Trend
- S&P Near Future Is Set In Stone
- Gold Long Term Up Cycle Resumed
- Bitcoin Long Term Resistance In Force
- 10-Year Note Yield a Leading Signal
- Big Picture Summary
Review
Euro bounced off its neutral zone taking on the long term resistance top. It is a reasonable move given the weekly momentum to the upside.
S&P got its December close and bounced right off. STOPD dynamics still in control, giving us the Jan high and Dec high.
Thanks to global fear on the bank problems, gold took off and tried to challenge its weekly up channel top.
Bitcoin dropped to 20K before receiving help from the bank troubles allowing it to tag its long term upside target and stuck.
10-year bond yield weaken as the classic safe haven bets on bonds picking up after the bank problems.
Now that it looks like the US regional bank issue has not spread, yet, and the international large bank problem like Credit Suisse is also kind of contained, what should we expect next?
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