The S&P Downside is Limited and Expect a Near Term Bounce with the FOMC
The S&P Downside is Limited and Expect a Near Term Bounce with the FOMC
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Jim Welsh of Macro Tides talks with Blake Morrow from Traders Summit to discuss the selloff in the SPX this week and how the “rubber band” is being stretched to the downside.
He talks about what the FOMC may deliver next week and how the SPX could react to it. Jim shows us his technical view of the SPX and what the key levels are as we head into next week’s FOMC as well.
Jim also discusses the moves in gold and how he sees it moving ahead.
JWelsh@SmartPortfolios.com
20220125
