Today's Trading Plan: Two Different Trading Worlds

Technical Analysis:

Another day for the S&P 500 (SPX) where it manages to close with a doji candle pattern. The market, as has been the case all year long, shows some willingness early on to sell-off, only for the dip buyers to bail it out before the end of the day.
Volume on SPDRs S&P 500 (SPY) fell for a third consecutive day and below recent average levels.
If SPX breaks out to the upside here following this 3-day holding pattern, the breakout should probably be respected, though I wouldn't expect a move like what we saw out of it early last week.
The only issue that remains is the massive move way outside the daily bands on Russell 2000 (IWM) and Dow Jones Industrial (DIA) where price is extremely stretched and overbought.
Speaking of IWM, the volume there over the last four days has been monumental with massive amounts of buying taking place.
Don't chase in this market - it isn't the time to suddenly decide you want to buy the financials.
Three straight days of the CBOE Market Volatility Index (VIX ) wanting to bounce but getting squashed each time before the market closes. Notice the very large candle shadows above the candle bodies.
30-minute chart of SPX shows a healthy triangle pattern that may breakout to the upside today.
There is a clear rotation taking place in this market where money is flowing from tech and utilities and into defense, banks, and infrastructure.
Poor breadth continues to dominate this market over the last three trading sessions.