NASDAQ back over 50-day moving average

5 thg 10, 2020

Nasdaq has gone up through 50-day moving average fairly strong. This indicates a good buying opportunity, and also together with the fact that the RSI has been down. From here on I would assume that the market is optimistic and we will test previous highs. The market seems to have priced in our potential new world we need to live in for a while and not even a second close-down looming seems to be a problem.