The S&P still has three 'sell' triggers in MACD, On-Balance-Volume and ADX to work off before the rally resumes.
The Nasdaq is creating a mini-bear flag, although confirmation will require a single day loss of at least 1%. It has a more solid technical picture than the S&P.
The Russell 2000 is on resistance, but it hasn't yet negated the 'bull trap'. It too has a MACD trigger 'sell' to work off before buyers regain full control.
For tomorrow, look for the big swing to take markets out of their tight range.
You've now read my opinion, next read Douglas' and Jani's.
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Dr. Declan Fallon is the Senior Market Technician for ChartDNA.com, and Product Development Manager for FirstDerivatives.com. I also trade on eToro and can be copied for free.