老纳往何处去？ 定力2022-05-19 16:22:53

2020 COVID crash and 2018 crash both touched or close to touching 200 moving average on weekly charts. On 200 EMA chart, the current level exactly touched 200 MA. On 200 SMA chart, the current level is about 700 points away from 200 MA. It is not very likely to stop declining at the current level. 最乐观的估计， NASDAQ还要跌约700点， or 约6%, that is the 2020 autumn low (around 10700). If this level does not hold, then the next level would be around 9727, or 40% off NASDAQ’s all-time high. This level is corresponding to the level right before COVID crash in 2020. 

1st chart EMA. 2nd chart SMA