$NDX - Hanging at the Point of Control
$NASDAQ 100(NDX)$ - Hanging at the Point of Control
The loss of the 5DMA is a rapid signal to consider the initiation of a bearish reversal. Today the candle lost also 10DMA.
20DMA is a minimal bearish destination, the problem is the limbo that exists between the two volume shelves where that moving average is.
On the other side, the oscillator suggests the move is not complete, and expecting a move to the oversold zone makes sense considering how weak is tech nowadays. 18500ish?
$Invesco QQQ(QQQ)$ $SPDR S&P 500 ETF Trust(SPY)$
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https://twitter.com/SmartReversals/status/1841220588133835117
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