All lead indices are net bullish in technical strength as markets consolidated last week's gains.  The S&P has posted a series of doji/hammer after emerging from a bullish 'flag' / downward channel.

It was another quiet day for indices but the Semiconductor index was able to add over 1% on the day. This also helped post gains to the Nasdaq 100, although there was a relative gain for the Semiconductor Index against the latter index.

After two days of gains it was time for consolidation in markets. The Russell 2000 didn't get this memo and added a third day of gains managing a new closing high.

The second day of gains has severely stressed any shorts left in the market.  Volume rose in confirmed accumulation as buyers pushed markets well away from nearest support.  Best of the action belonged to the Dow Jones Industrial average with recovering 'buy' triggers in the MACD and +DI/-DI.