Like a heat seeking missle over the past 6 weeks it seems like the Naz has been looking for somewhere to hang it's hat.
The way the COMP bounced off the 200 Day MA this afternoon, at first glance, is indicative of someone or something that was all too happy to accomplish the dastardly deed and now ready to move on to the real task at hand..that being resuming it's prior uptrend and once again continuing it's march to making new highs.
That being said, unfortunately it's never that easy as there's usually a "let's test it again" phase that you have to weather.
But if so, that's not necessarily a bad thing because these "retests" usually unfold in a more structured way..particularly the all importat "See ya, time to move on" leg.
And that's something that anyone who trades will gladly welcome!