Again !!! Nasdaq holds the 50 dma .

I guess you are right, Overnight.

 

Again today. We held the 50 dma. Its strong support and if we break below tomorrow, i think we fall to the 200 dma.

 

Any sequels here?

 

The Day The Nasdaq Went Down episode 28 (season 2) is due any day now...

 

It has yet to break below the 50 dma so all you longs enjoy.

 

Your post reminds me of a beautiful song by Colin Hay.

"Just let me throw one more dice
I know that I can win
I'm waiting for my real life to begin
Any minute now, my ship is coming in..."

 

%%
Maybe that was why SQQQ + related went up; but they are below 50dma.
The more you hit support in an uptrending bull market he more support+ price goes up/uptrend. Even more so for a good trtender like QQQ,QLD...…….
Thanks for the 10days notice on my inverse ETF wednesday daytrade;
i'm a planner also,not a predictor.

 

Looking at the chart, it clearly shows support at the 50dma. That tells me algo’s start buying at that level. At least for now.

 

Ooops!

 

Did corky5/derektrader get banned or has he come back with a new nick?