MKM's O'Hara Says Sell S&P 500 E-Minis If Below 10 DMA

The video discusses the recent performance of the S&P 500, highlighting a multi-day pullback and its worst seven-day performance of the year. It examines the RSI as an indicator of market momentum, with insights from JC O'Hara on overbought conditions and potential market trends. The video also explores long-term trends, focusing on moving averages and historical patterns, and concludes with trading strategies and predictions for the S&P 500.

What recent trend is highlighted in the S&P 500's performance?

• A sudden increase in stock prices

• A consistent upward trend

• A significant pullback over seven days

• Stable performance with no major changes

What does the RSI indicate when it is above 70?

• The market is stable

• The market is overbought

• The market is oversold

• The market is in a consolidation phase

How does JC O'Hara describe the recent trend in the S&P 500?

• A volatile market with no clear direction

• A short-term decline

• A persistent long-term trend

• A stable market with minor fluctuations

What is the significance of the 10-day moving average according to JC O'Hara?

• It is irrelevant to current market conditions

• It is a key level for determining market strength

• It shows a long-term upward trend

• It indicates a short-term decline

What trading strategy does JC O'Hara suggest based on the current market analysis?

• Investing in stable bonds

• Shorting the E mini futures

• Buying long-term stocks

• Holding cash until the market stabilizes