The Stock Market is Ready For a 5-7% Drop from Here!
The Stock Market is Ready For a 5-7% Drop from Here!
Jim Welsh of Macro Tides sits down with Blake Morrow to discuss the markets following the PCE data this week and points out the big drop in consumer spending in the GDP numbers.
Jim Believes that the stock market is showing negative divergences in the market and the “fear of missing out” may be signaling a near term top in the market.
Jim gives his technical views and Elliot Wave counts for the US Dollar, Gold, TLT and the S&P 500.
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