Will Markets Confirm a Break of the 20-DMA? (4/8/24)

The mood in the markets for the past few months has been, so long as we're on the 20-DMA, don't worry about it; markets just keep going up. Well...on Thursday, markets took out the 20-DMA, then rallied on Friday to sit right on it. Today's market activity will technically be a test of that support. The 20-DMA has been consistent  support for markets ever since the lows of November. So, this week is a "defining moment" for markets: Buybacks are in blackout for the next three weeks. Markets have been setting up for a bit of a decline. If the market closes below that 20-DMA this week, we will have a confirmed break of that support. This will bring the 50-DMA into focus fairly quickly. If, by Friday, markets have not reclaimed the 20-DMA, we're going to see lower prices in the market. 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=XnA1TqbUguY&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/ #MarketSupport #MarketCorrectionComing #MarketTrendChannel #20DMA #50DMA #200-DMA #InvestingAdvice #Money #Investing