No need to say much for today as very little happened in the market. The Russell 2000 attempted to undo yesterday's breakdown, but hadn't recovered enough by end of day to negate it.

In the end, it was Theresa May and not Trump which saw the Russell 2000 cut through support and confirm the earlier 'bull trap'.  This change coincided with a 'sell' trigger in +DI/-DI. Only stochastics are hanging on to its 'buy' signal.

There was no wiggle room for the index heading into Friday as it managed to claw back the 'breakdown'. It went one step better and posted one of the better performances on Friday.  While the index has come back from support, it hasn't yet challenged the consolidation 'bull trap' - but look for this on Monday.

During early afternoon trading it was looking like the Russell 2000 was going to break support and leave a 'bull trap'.  While the 'bull trap' remains in play the loss of support hasn't been confirmed which would show a reversal. However, this is acting as a lead index and will determine what may come for the Nasdaq and S&P.