Despite Nasdaq 100 and QQQ are having lower lows, Close > MA50 market breadth is hitting higher lows (red arrows). Hence, they bullishly diverge with each other. Should the breadth break above the yellow range top, we can expect a larger rebound for Nasdaq.
Also, more than 500 stocks recovered MA50 today, including AMZN and SCHW. Click the link below to view them:
360miq.com/screener?market=NYSE%20%2B%20NASDAQ&ma50=Close%20cross-over%20MA50
360miq.com/market?data=NASDAQ#tab-3
