60-Minute Uptrend Failure

The 60 minute chart of the Nasdaq gave a good try at changing the trend, but failed short when it couldn’t clear the pivot at 2094.31. When it broke 2046.06, it HAD TO HOLD the last pivot low of 2002.92.  When it didn’t, that was all she wrote.  Sayonara, Adios, Goodbye.

I paid too much attention to news and political talk last week.  Time to get back with the charts.  They tell the real story.