Small Caps Recover
The Russell 2000 had the best of the action with a reversal on yesterday's losses. This is a strong vote of confidence for bulls, although channel resistance hasn't yet been breached. Rate-of-Change also remains on the bearish side of the fence.
Meanwhile, it was a non-event for the S&P.
The Nasdaq shed a small percentage, but did so on higher volume distribution. On-Balance-Volume and MACD are still bearish.
Tomorrow is edging towards bulls for the S&P, and the Russell 2000 swinging back in favour of bulls. Other than that, there was little more to say about today.
Disclosure: None.