Nasdaq

We finally got the first lower closing low since this recent up move began in early July and we got back to back black candles. This confirms a change in trend direction with MACD and Stochastics ready for bearish crossovers. I'd feel very confident in a nice retracement if not for unemployment tomorrow, so all bets are off. We didn't get the double top confirmation today, but will possibly get it tomorrow. I'm still holding my short position that I entered yesterday and will look to get short below 1598.50 some additional contracts. I hope the market sells off before the report to give my stops some room. If not, I may have to exit my positions and re-enter once market action gives its direction.