Today will be interesting. Will the Naz hold the 50 dma ?

Going to be interesting today. Will the naz hold the 50 dma on a closing basis.

 

Oh no !! Not this nazi ( I presume you mean NQ) post again !

for goodness sake, just focus on day trading.
Don't worry whether 50 dma will provide support or not.
Simply delete all dmas. Then the worrying troubling thought will disappear.

And we don't treat today as special and interesting.
Because all trading days are great days.

Anyway there are other better things to trade like NG, oil, gold
rather than NQ

 

The 50 dma is important.

 

Agree. So is the 200... and that's because "everybody" follows them and enough players act on them to be significant... often, anyways.

There are times when the 50 and/or 200 are of "sideways slope"... and the market moves back-and-forth across them. At those times they don't mean anything at all. But when they "appear to act as support or resistance", then they become that and are tradable if enough people play them.

 

It is unlikely NQ will move much today.

It is waiting for the powerful presidential tweet, a major change of event ...
then it will move significantly.

 

Of course it will.

Stimulus talks and beyond will help it to historical highs by Halloween!!!!!!

 

Never bet against Nasdaq Stonks.

Instead be patient and BTFD.

 

You know, of course, of times when that "advice" is ENTIRELY WRONG from a trading perspective, don't you?

 

%%
Maybe right.
Looks like qqq, FTEX,XLK will hold good %/by the end of the week...…………………………………………………………………...………………………………………….. And I use QQQ more thanNQ, but they are correlated so much of the time/ except in 1999 when qqq zoomed ahead/so nothing's perfect.
OCT can get wild in an ordinary year/ so certainly not a prediction this year

 

what is the exact definition of "naz hold the 50 dma on a closing basis" and how is it measured? In fact what is the exact definition of "to hold" and "to break"?