MBO Issue 59 (Nov 2016) The People Who Cast the Votes Decide Nothing
By Lawrence
Content
- Review
- Euro Bounced from Support
- S&P Normal Pullback In Progress
- Gold in Neutral State
- Big Picture Summary
Review
Euro breakdown play as forecasted with below 1.10 print tagging my channel support.
S&P limited upside as projected with breakdown play warned in the timely special update. Minimal target of 2080-2100 zone tagged.
Gold drifted higher after the initial hard break of year 2015 high.
Everything moving in the way they are expected, giving us a sweet October right before we enter the US election mess.
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Comments
Nov 8th 9:20 AM ET. Special Update: Swing short zone above 2120 in place. Smashing through the ES month low at 2080 we will be getting 2050 and below.
Job’s done. 5% limit down and complete reversal no less.
But it is done in overnight session.
That’s the problem with the environment we are dealing with. Everything is so connected and information is (almost) instantly discounted.
The money it is by people dinner with Trump.
http://www.bloomberg.com/news/articles/2016-11-09/icahn-left-trump-victory-party-to-bet-1-billion-on-u-s-stocks