Low-Energy Attempt To Take High Road After Christmas Fails; NASDAQ Slips Back into Value

What we witnessed Tuesday morning on the NASDAQ exchange was an attempt to break up-and-out of value.  It was accompanied with light volume and no follow-through.

The result?  We fell back into value.  Often times, once one side of a well-developed value is tested, we go and test the other side.

In this case, the other side is lower.  And below our well developed value is a slip zone all the way down to about 4880:

Before this can happen, sellers need to recapture 4928.75 and sustain trade below it.

Note: I am still short the NASDAQ, position trade, via $QID

Writer’s note: value, value, value