The S&P 500 is in a precarious position after breaking its 200-day moving average, with a failed retest likely signaling further downside.
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OIL ABOVE $100 NOW! WHAT DOES IT MEAN FOR YOUR MONEY IN THE NEXT 6 - 12 MONTHS? Here’s what nobody
Mr M TradesNew
The creator warns that historical patterns of oil prices exceeding $100 per barrel consistently precede recessions, suggesting the current market rally is a 'dead cat bounce' similar to 2008. He advises defensive positioning and monitoring the S&P 500's ability to reclaim its 200-day moving average.
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