Nasdaq hits a new session low, nears the one-week low

I have been highlighting this chart for a time. It shows the 61.8% retracement of the March rally in the Nasdaq. If it breaks and last week's lows breaks, then there's a good chance of retesting the Feb/March double bottom.

The index is at a session low, down 1.3% and that reverses what had been a strong gain.