I’m selling my Dow shorts which are right where I bought them and buying Nasdaq shorts here.

Breakout gap on Nasdaq right? I’m betting it’s an exhaustion gap. Been a couple gaps lately and there’s actually very little movement right into the old top for such a favorable Payroll number.

I’m still a long term BULL but even then a major consolidation pattern usually forms, as Sir Rambus has been showing forever, and the 200dma wasn’t hit for the Dow and Nasdaq.

I believe a point three is being formed for the Nasdaq with point 4 hitting and probably going slightly below the 200dma.