Bonds “could” rally, but you should be a Vigilante!
Jim Welsh of Macro Tides sits down with Blake Morrow and talks about the price action this week following the CPI and PPI inflation data, and the war that is brewing in Israel and Gaza. He discusses the long-term implication of the secular bear market is unfolding and how his counts suggest a rally should be met with selling in the long term.
Jim also discusses his technical wave counts on the S&P500 and how that could develop into fresh lows below the 4000 level in the SPX.
His technical views on gold have been on point in recent weeks, and because of recent events in the Middle East, the risks are now tilting towards a move to all-time highs possibly.
He also gives his technical views on the US Dollar and what he believes will unfold from a technical point of view.
#trading_news #trading_analysis #trading_interview #tradersummit #markets #market_analysis #forex #forex_trading #forex_trading_interview #Jim_Welsh #SPX #USD #S&P500 #Bonds #Gold #interest_rate_news #Fed #FOMC
//SPONSOR – EIGHTCAP ✅ https://www.eightcap.com/en/?cxd=3624…
Eightcap was founded in Melbourne, Australia, in 2009 with a simple, clear mission: to provide exceptional financial services to their clients. The broker is committed to building a home for MT4 and MT5 traders. This fundamental principle remains at the core of everything they do at Eightcap, and they believe staying true to it is pivotal to their success. Now with five offices across the globe and regulation in multiple locations, they provide clients worldwide with the ability to trade on a broad range of markets across FX, Indices, Cryptos, Commodities and Shares.
They are an award-winning broker who is focused on traders security and peace of mind. They deliver a personalized trading experience and create an ultra-efficient technology infrastructure for traders to trade on. That’s why they have been awarded the Best Global Forex MT4 Broker 2020 at the Global Forex Awards and, more recently, been named the Best Crypto Broker at the AtoZ Market Awards, 2021.