($SPX)
via StockCharts.com
The Nasdaq registered slightly higher selling volume (distribution) but the 200-day MA was not violated as support - a typical consolidation day.
($COMPQ)
via StockCharts.com
But the Russell 2000, with a similar tight range day, kept below resistance.
($RUT)
via StockCharts.com
And the semicondutors are struggling to hold their 200-day MA.
($SOX)
via StockCharts.com
So while today sprung no real surprises there are still concerns amongst semiconductors and small caps which could drag the large cap breakouts down.
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