50 Day MA to the Rescue?

Here is one of those times when I hope that everyone is doing their basic technical analysis, especially when it comes to using the 50 day moving average as support. This line will have to be made of forged steel to bear the weight of the 'big money' stealing from those 'late to the party' folks who finally decided it was safe to dabble in the market again.

The chart is an up-to-date QQQQ 1 month that show the 50 day line bending under the strain.

Come to think of it, maybe a metal that's a little more flexible would be appropriate in this case.
I'll consult the Engineering department.