Sunday Prep 8/08 - $QQQ/$NQ

Nasdaq still looking mighty healthy as well. Pull-backs to the 20d constantly find buyers and we still keep making new highs. I do think that flushes to the 20d continue to hold. It may even hold flushes to the annual pivot right by that psychological 15k level. But if we lose 14849, I can very easily see this tumbling down towards the 50d.