The Nasdaq plays with a close below the 200-day MA today
The NASDAQ index traded from high to low and is trading today and toyed with the idea of trading below its 200-day moving average. This moving average is currently around 14726. The low price for the day reached 14689.43 and the current price is trading at 14789.54.
There are still a few hours of trading left and Friday’s close can be volatile. If the index can close below the 200-day moving average, it would be the first time since April 21, 2020. In 2020, there were a total of 26 closes below the 200-day moving average. Since then the number has been zero (and only two days when the price traded intraday below the MA level. .
At the end of 2018 and in 2019, there are also a number of days below the 200-day moving average. However, since June 5, 2019, these 26 days in 2020 were the only days the price closed below the 200-day moving average. This duration is approximately 660 trading days (so 26 days below the 200-day MA and 634 days with closes above).