No one knew yesterday that the Nasdaq was dropping 4.17% today.
What did we know?
We knew that the market made a very big move higher yesterday and retracing back to the 50 sma would be normal in this situation.
Then after the 50 sma didn't hold we knew that would be bearish.
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That rejection off the 200ema was picturesque.
Straight tumble into close.
GIF
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