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 is the significance of the S&P 500 being on pace for its worst seven days of the year?

How does the RSI indicate overbought and oversold conditions in the context of the S&P 500?

What does the 10-day moving average indicate about the market trend?

What trading strategy is suggested if the S&P 500 closes below the 10-day moving average?

Discuss the implications of a potential 4% pullback after a 20% rally in the S&P 500.