Profit Taking
While volume climbed to rank as distribution there wasn't a significant relative loss for markets. However, the selling perhaps marks an indication that the summer lull is a maximum for the Brexit recovery. Today's selling started yesterday and continued through the day. The S&P shows this with the Inverse Hammer followed by today's red candlestick combo. The support line from the Jobs Data breakout hasn't been breached and this may be enough to keep longs in their positions. However, a weak open tomorrow could open the flood gates, and a loss of 2,160 may see others pile in.