This is the 3rd Close Below the 50 dma in 2 weeks —

[Tradex]

You will need institutional order flows to get a momentum change. A collection of retail orders isn't going to move a major market.

But big financial institutions also watch the 200-day moving average, as it is an important indicator of market direction.

In fact this moving average is frequently mentioned in the financial press and on TV.

 

[murray t turtle]

why do you think market cares about 50ma? I am using 25ma. If market cares about 50ma, it should care about my 25ma too, otherwise, it is discrimination.

%%
It does care about 25 ma;
but only 50% as much. LOL.May go up by 25 of SEPT or within 25 hours starting next week.
SEPT seldom goes down as much as FEB
TECS /SQQQ was good buy below 50dma.NOT a prediction

 

[Cuddles]

But can you really trust OP on anything?

 

[derektrader]

The above posts are all factual.
On a more serious note, today will be interesting.

 

[VicBee]

The above posts are all factual.
On a more serious note, today will be interesting.

Actually, racism is really serious.