Will Markets Break Above the Downtrend? (1/23/23)

(1/23/23) Markets sold off last week on new the Fed will continue to hike interest rates above 5%. Markets found support at the 50-DMA/100-DMA crosover. Markets rallied on Friday back up tto the 200-DMA, and futures are pointing higher this morning. Market technicals are improving, despite negative sentiment. A trend of rising lows all the way back from October, and the downtrned line goes all the way back to the highs of January 2022. That price pressure is consolidating right at the 200-DMA. If markets can break above the downtrend and the 200-DMA, there is a real possibility of markets can advance to 4,200; all we need is a catalyst. 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=zn6PzGI3PhM&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Visit our Site: www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to RIA Pro: https://riapro.net/home -------- 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 #MarketTechnicals #200-DMA #50-DMA #PricePressure #MarketConsolidationi #MarketCatalyst #Markets #Money #Investing