Again !!! Nasdaq holds the 50 dma .

[Tradex]

A bit early to make such a bet, no? It all depends on the media reports on Trump Status (and stimulus talks) from now until EOD Monday.

I guess you are right, Overnight.

 

[derektrader]

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

 

[Bad_Badness]

If it closes below it again on good volume, and i mean at least 50 points below the 50 dma, the naz will hit the 200 dma as next support. Lets see what happens Monday.

Any sequels here?

 

[Tradex]

Any sequels here?

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

 

[derektrader]

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

 

[Tradex]

It has yet to break below the 50 dma

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..."

 

[murray t turtle]

We will fall hard either Monday or Tuesday of this weak. We hit support too many times. The more you hit support, the weaker that support gets.

%%
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.

 

[derektrader]

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.

 

[Overnight]

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!

 

[Businessman]

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