The market momentum is still bearish as shown by the red colored bars.
The QQQQ, which represents the NASDAQ is above the 20 days moving average but has a bearish momentum, as shown by the red colored bars.
To become bullish, the indices have to be above the blue 20 day moving average line and above the pink 50 day moving average line and also have green colored bars.
Let us wait and see what happens, because the market is still at a critical junction here. It could just as easily turn down and crash downwards from the 20 days moving average line (blue line)
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