The S&P Could Rally Past 4000!
Jim Welsh of Macro Tides talks with Blake Morrow to talk about the wild volatility the market has had this week. He summarizes some of his key points of the week, and what traders should be looking at into next week.
One of the big events he covers is the ECB and how he thinks the EURUSD has bottomed near term.
Jim also thinks that TLT or bonds could rally further.
Jim is also looking at the S&P 500 to get back to the 4000 level and possibly higher before turning back to new lows.
Jim also thinks gold is a good “buy” down at current levels.
//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.