Last year’s market rally amid the AI chase and hopefulness for Fed rate cuts tracked right along a narrow channel around the 20-DMA. Then came Summer, and a market correction that hit in October. Markets formed a rounded top during that action, which is what we’re beginning to see currently. Markets have operated similarly in a defined range along the 20-DMA and are now developing another rounded-top as the market starts to lose momentum. Theoretically, markets could take out last Thursday’s low today…a process that is beginning to confirm a break in the trendline that goes all the way back to last year.
Hosted by RIA Chief Investment Strategist, Lance Roberts, CIO
Produced by Brent Clanton, Executive Producer
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