Our data says a stock market selloff is coming, states Lucas Downey of Mapsignals.com.
As we fall out of overbought conditions, the S&P 500 tends to struggle. We can note how a stock market selloff is likely once the Big Money Index (BMI) falls below 80%. Using this proprietary indicator is how to best predict stock market movement. But, after a positive January for the market, history shows how the rest of the year tends to see strong market-beating gains. This playbook is simple. Buy the dip in 2024. Staying ahead of the crowd is the edge you need to succeed in trading.
To learn more about Lucas Downey, visit Mapsignals.com.