About this episode
(10/26/23) Markets confirmed the break of the 200-DMA by sliding through that level on Wednesday. The next level of support will be at the 4,100 mark, which is 50% of the rally from October 2022. (This is normal within the context of a correction.) Markets are working within a defined downtrend channel, which will also coincide with support at 4,100. Markets are over-sold, short term; the MACD Sell-signal is back in place at a low level. So most likely, the down side, near term, is fairly limited. Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton -------- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ ------- Watch the video version of this report by subscribing to our new "Before the Bell" YouTube channel: https://www.youtube.com/watch?v=nKXG1bfgj20&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Articles mentioned in this report: "The Pain Trade Is Higher Into Year-End" https://realinvestmentadvice.com/the-pain-trade-is-higher-into-year-end/ ------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #InvestingAdvice #MarketWeakness #MarketRisk #200DMA #EconomicData #Markets #Money #Investing