Nasdaq (update)

We made new recent highs today on selling and we had a close below the previous days' low.  This is the first sign of weakness we've seen since January 31st.  Prices continue to find resistance at the lower end of the Fib cluster zone.  This market is definitely overextended and I wouldn't be surprised to find some sideways action over the next week to shake off the bullish energy.  Ideally, I'd like to see some minor retracement before making another test of the highs.  If we could get a double top form up in the Fib cluster zone along with a bearish Japanese candle pattern, then I'd be pretty confident a longer term top is in place.  Let's continue to watch how prices unfold over the next week.  Next downside support seen ~ 5293.93 (10 DMA), 5241.25 (monthly R1), 5233.67 (20 DMA).