Stocks set-up for 2020 crash redux

Wednesday 9 August 2023

The Market Ear with pins everywhere.

SPX – say hello to the 50 day moving average

SPX is approaching the 50 day moving average. The big trend channel since March lows is still intact, but watch for a possible break down eventually. Momentum has changed rapidly…100 and 200 day moving averages remain way lower.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.