9-3-24 Will Markets Break Higher or Lower? | Before the Bell
Markets have a short trading week in which to function, and volumes will be a bit lighter. Markets closed on Friday at previous highs set in July. If markets can break out, that will allow momentum to carry markets higher. There is a lot of bullish sentiment. If markets close down today, that will keep things within a consolidation range. A break to the downside will test support at the 20- and 50-DMA. As markets are oversold, a breakout to the upside will be difficult to sustain in the near-term. We are seeing a loss of momentum over all. Don't become overly-negative, but this would be a good opportunity to remove risk from portfolios.
Hosted by RIA Chief Investment Strategist, Lance Roberts, CIO
Produced by Brent Clanton, Executive Producer
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