A good day for markets saw buyers turn up in decent numbers, although given the relative gain it would have been good to have seen volume a little stronger. The Russell 2000 had the best of the action, breaking out of its readjusted channel as it continues to outperform both S&P and Nasdaq indices.

A day where the status quo was the end-of-day result after yesterday's selling. This is set up nicely for a rally tomorrow, even if some indices lack a natural support level to work off. Also favouring longs is the lighter volume selling which accompanied today's action. The S&P is net bearish at a technical level, but may find some traction at a minor swing low of 2,067.

The trendline in play for the S&P from March was breached on higher volume distribution. However, the index remains inside a secondary trading range bound by 2,040 and 2,130. Technicals are also net bearish.

A mixed bag of action. The S&P finished Friday bang on trend line support. The equivalent trendline which was breached as support in the Dow. However, Friday saw higher volume distribution for the S&P, but not the Dow. The S&P saw a net bearish turn in technicals, which followed an equivalent turn in the Dow.