Markets Setting Up to Rally (8/16/23)

(8/16/23) Markets broke the 50-DMA Tuesday, but that's not necessarily dire news. However, if the market fails to get above the 50-DMA, the next logical support level will be the 100-DMA at about 4,270 on the S&P. Markets are getting oversold. The MACD oscillation is getting back to levels which normally exist during bullish markets. Markets are getting set up for a rally for at least a couple of days, and after that, our expectation is for more consolidation in the markets possibly into September. That would set up markets for an October rally into the end of the year. 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=Ei2UQVm7wt8&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- 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 #MarketCorrection #MovingAverages #20DMA #50DMA #200DMA #MarketRally #Money #Investing