Nasdaq

There's a potential symmetrical triangle pattern forming and a close below 1599.00 today will confirm it. I got short @ 1599 and will exit on the close if the market doesn't hold this level. The target is 1561 with an initial stop @ 1626. I'm also still short from 1612.50 on the hang man pattern. The Nasdaq failed to take out it's 1632.50 high and we finally got the MACD crossover. We are getting strong selling early this morning, but the key will be how we close the day. Will we get another rally and close back above 1600? or will the sellers finally gain the edge?