Nasdaq bounced right off the 50 dma — for now !

[Tradex]

an ugly reversal today.

Not for reversal traders.

 

[derektrader]

We may not bounce off it today and close decisively beneath the 50 dma on strong volume. At least the nasdaq.

 

[bone]

We may not bounce off it today and close decisively beneath the 50 dma on strong volume. At least the nasdaq.

The trend line is more consequential than the 50 dma IMO.

 

[notagain]

NQ triple bottom, waiting for Nancy

 

[Overnight]

Second night in a row Asia is having no part of the bull side. Bad sign.

 

[derektrader]

Today will be interesting. I strongly suspect the nasdaq will re test or come very close to re testing the 200 dma. Of course not today but quite soon.

 

[Cuddles]

don't feed the troll you guise: