Friday's trading session saw all major index funds plumet back to support.

Friday's trading session saw all major index funds plumet back to support. As the chart represents support still does hold for the Nasdaq, though if mondays trading sessions proves negative, it could be a further decline towards 11,000. The RSI currently reads 39.8 suggesting cheaper conditions, however, far from 'oversold'. MACD is strongly negative also, suggesting more downside or consolidation. Towards the upside, resistance now sits at 12,844. Until this level breaks, the bais remains neutral.

Comment. "Buying and holding index funds may still work for trading purposes. Keeping leverage low and hedge when necessary, will make the overall trade potentially more successful. Be fearful when others are greedy. This market won't stay low forever".