Another ugly day in the market. However indices and many stocks bouncing some moving average support.
SPY break of 50 MA but closed back over 50 MA.
Small cap index, first one to start sell off, bounced 200 MA.
QQQ bounced weekly 20 MA. Unless , there is any panic type move, I am expecting some recovery next week. I will be mostly focusing on Index ETF’s and liquid leader names to play bounce. Leader names are always first to bounce in a volatile market.
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