Yesterday's Gains Consolidate
Today's action - paired with yesterday's - has given bulls confidence more gains could be on the way. The losses were not significant and there was a great recovery breakout in the Russell 2000 'bull flag', which was feeling the pressure all through last week. Again, just as any losses were mitigated by the broader trading range, so was yesterday's gain. However, it does suggest there are buyers willing to come in if the water is nice.