Weekly Market Outlook For August 3 - 7, 2020 - More Highs

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frjorques
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Hi Traders,

Quick announcement - I will be off on vacation for a week starting next weekend so there will be no Weekly Outlook video next week so enjoy this week’s video and we’ll see you again in a couple of weeks.

So this past week we got a bit of everything:
- Fed announcement and reaction = check!
- earnings moves = check!
- all-time highs = check (tech sector)!
- volatility = check!

The markets are now firmly under the trance and spell of the Fed.

The markets have been pricing in the outlook of real interest rates and as the Fed has been signaling there are no plans on the horizon for any change in interest rates.

This is significantly bullish for precious metals (and hard assets) as I have been signaling for the past several weeks and this week the crypto space finally joined the party.

In this week’s video I discuss:
- Why the SPY and DIA are likely to retest all-time highs
- Price discovery and why the markets move in broadening formations
- Understanding price action so you don’t need to listen to others
- Why traders don’t try to predict price
- My call on Bitcoin and Ethereum

Now watch this week’s Weekly Outlook video to see the setups and levels we’ll be watching as well as the technical outlook for the VXX SPY QQQ IWM DIA EEM TSX TLT GLD MGC BTCUSD EEM and more for the week of Weekly Market Outlook For August 3 - 7, 2020.

Feel free to drop any questions into the comments and hit the subscribe button to receive notices of our weekly market analysis videos.
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Crypto Trading
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