Nasdaq is caught in the middle of its range between the 20-day MA and index highs.

The semiconductor index lost most of yesterday's gains, but is hanging on to its breakout

But even with the reversal it would be harsh to read too much into today's action.
Dr. Declan Fallon, Senior Market Technician, Zignals.com the free stock alerts, stock charts, watchlist, multi-currency portfolio manager and strategy builder website. Forex data available too.