Nasdaq Composite bounced off the light blue up-channel bottom on Monday. It has just recovered the orange downtrend line, MA20, and MA50 today. It will likely reach the up-channel top as the 3 yellow arrows did. However, should it fail MA20 and MA50 again as in the orange circle, it will likely resume its downtrend. So, watch MA20 and MA50 closely.
Also, about 100 stocks followed Nasdaq Composite to recover MA20 and MA50, including GOOG and CAT. Click the link below to view them:
360miq.com/screener?market=NYSE%20%2B%20NASDAQ&ma20=Close…
360miq.com/market?data=NASDAQ#tab-3
