MBO Issue 91 (Jul 2019) Dangerous Time

Content

• Review
• Euro Another Attempt to Stop the Downtrend
• S&P Updrift Continues
• Gold Bullish with a Catch
• Big Picture Summary

Review

Euro found temporary low and shot up to 1.14 and my suspicion about trapped long above 1.14 materialized with a steep selloff back down from there.

S&P breakout play from last issue gave us the upside target of a new high. S&P then reacted to the zone and consolidated there since.

Gold traded higher to the upside target of GLD above 133. Since then gold consolidated and waiting for the next move.

Overall a predictable month of price actions with reduced volatility.

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