Will the nasdaq fail at the 50 dma ?

anyone think the nasdaq is a head fake here?

 

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MOST likely a big 50dma failure\QQQ;
in SEPT maybe.
SPY most likely will go below\go below 50dma , JUN, JUL,aug,, SEPT/did that in 2019,2020.................................................................... QQQ tends to do better in summer

 

Russell was weaker so I bought SRTY. I'm also in SQQQ in case Nasdaq drops

 

if I was a betting man I would say the naz will drop about 75 points tomorrow and fall below the 50 dma.
i have a small position i bought at the
close today in a short ETF.

 

I would not take that bet. Look at AMZN chart over the past year. Notice it being stuck in a 500-point range. Where it will go? Hmm! I consider it a bellwether stock for the NAZ.

 

Good point, like AAPL being rangebound since January

 

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TQQQ most likely will dip below 50dma before QQQ.
But since summer rally tends to weakest in QQQ, SPXL\ i NEVER bet on markets but making a good probability position on SPXS related going up + if SPXL goes up by aug 31 /ok by me.............................................................................................
AND worse case senerio/ if i lose money in inverse x2 or 3 or lose money long in 2or 3ETFs in SEPT\MAR/MAY/ that'$ life with better than average probabilities..................................................................................,

 

How did that small position work out involving the 50 dma ?

wrbtrader