Nasdaq test 50 day MA but bouncing….

S&P also climbing back off lows
The Nasdaq composite was down about 1 % on the day near the lows, but stalled after falling below its 50 day MA at 5823.24.  The low extended to 5819.25 at the lows.   The index has not closed below that MA line since early December. That break was quickly reversed.  In March there was a test, but once again buyers came in.