Semiconductors were able to make back some of Tuesday's heavy losses yesterday, but other indices were little changed.
Semiconductors have clawed back nearly 1% and are working off a potential support level of 660. There is a break of rising support in the CCI, which along with continued losses in relative strength, suggests bulls are not out of the woods yet.
But there wasn't much to say about other indices. The S&P experienced higher volume churning on a doji topping a rally. Technicals are all in the green.
The NASDAQ experienced an inside day on a doji, while holding above 4,900. This index could go either way based on yesterday's action. Look to Semiconductors for leads.
The Russell 2000 is tagging upper channel resistance without breaking through. It also hasn't cleared Rate-of-Change resistance of the zero line either. However, it did manage to put a little more distance from the 200-day MA.
