Not wholly unexpected, but after yesterday's short covering rally (which stopped me out, grrr...), today brought a return of sellers. However, sellers didn't have it all their own way. Because of this, there may be enough for bulls to build a rally, assuming pre-market doesn't ruin things! The Dow has struggled in recent days, but with a spike low of 17,279 to defend there is a chance for a bounce to make a test of the 50-day MA. Technicals are firmly net negative, which is no surprise, but also oversold. On the flip side, if there is weakness in pre-market then 17,279 could be scuppered quickly. Today's selling marked as distribution.