20 Day Moving Averages Turn Into Resistance

The Nasdaq and associated Ultra long ETFs, QLD and MVV, cratered yesterday. Trade below the 20 day moving average, on respective charts ,accelerated to the downside. I was overthinking the situation, and tried to trade a bounce off those 20 dma’s. Wrong move. Futures are up this morning. I’m going to focus good setups and hit and run trading here. Calling a trend is tough. Note that the market is in bear mode with yesterday’s sell signal, but it’s going to continue to be choppy in thin pre-holiday trading.