End of the week profit-taking helped bounced the market off their respective 200-day moving average. The 200-dma will continue to be key price level going forward and on Monday.
If the Dow and the S&P 500 remains above their 200-dma on the daily chart the stock market either continue to trade sideways or rally.
A break below their 200-dma is very likely to trigger an avalanche of sell orders and could tank the stock market very hard.
For NQ the next potential support is its 200-day moving average, currently ay 63000.
Amazon continued to be sold
