(8/8/23) Oversold markets had a nice rally in an assault on the 20-DMA, but are set to open lower this morning, technically a failure to test that level. This would suggest a lower low for the markets, on their way now to challenge the 50-DMA. The MACD Sell Signal is still firmly intact at a fairly elevated level, suggesting that there's more work to be done in the normal price oscillation. Action is likely to trend sideways for a while, allowing moving averages to catch up to the markets themselves. Markets need a breather--and the view from the 50-DMA may hold a clue for the next step. If markets can turn it around and retest the 20-DMA successfully, then we can go on to test the recent highs. If not, the 50-DMA will be the next target for the decline. Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton --------  Articles mentioned in this report: "The Market Is Detached From The Real Economy" https://realinvestmentadvice.com/the-market-is-detached-from-the-real-economy/ ------- 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=gJfnApyPwGY&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 #BullMarket #MarketVolatility #Money #Investing