About this episode
Markets' predicted sell off occurred, and there's still room to the downside. As we've noted, a 5 - 10% correction was very possible because of markets' extreme deviation from the 200-DMA. That gap still must be closed, and to do so will take the market down to about the 4700 level. We've already taken a 5.5% correction to the 100-DMA. Yesterday's impact of META and IBM did not help. Today we'll test support at the 100-DMA: If markets can hold at that point, we're likely going to be through the correction, However, if the market fails at the 100-DMA, it will then drop to test the 200-DMA to completely close that deviation. We're about halfway through the sentiment reversal cycle for the bulls. Hosted by RIA Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton, Executive Producer ------- Watch the video version of this podcast: https://www.youtube.com/watch?v=QDRSELUUdwY&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ ------- 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/ #DownsideRisk #OversoldMarket #RebalancingRisk #MarketSupport #MarketCorrection #20DMA #50DMA #100-DMA #InvestingAdvice #Money #Investing