MBO Issue 138 (June 2023) Is AI Really Going To Change Everything?
By Lawrence
Content
- Review
- Euro On Its Way To Test Weekly Support
- S&P Edged Higher Again
- Gold Daily Pullback In Progress
- Bitcoin Bull Flag In The Making
- 10-Year Note Yield Bull Flag
- Big Picture Summary
Review
Euro failed to clear the resistance and fall hard breaking the up trend line on daily. That’s within expectation.
S&P refuses to follow the Euro narrative and pushed higher ignoring all fundamental factors. That’s also not a surprise as stated in last issue’s big picture summary.
Gold rising wedge support broken and the selloff started.
Bitcoin weekly pocket resistance holds and forced back down as expected.
10-year note yield going nowhere after daily up trend was broken.
What’s in store for June? Let’s find out.
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