Sellers returned yesterday, but it wasn't anything too damaging. The Russell 2000 had attempted a 'bull flag' breakout but was rebuffed. It fell back inside the consolidation, close to Tuesday's lows. This still looks to be mapping a consolidation and it may need a test of the 50-day MA to drive a fresh rally. The only concern is the rapid loss in relative performance but everything else looks okay.
The NASDAQ suffered the largest profit-taking episode as it clocked up a distribution day on a bearish 'cloud cover'. This occurred away from resistance so it may not be too damaging but it could be the start of yet another pullback.
The S&P had a relatively tight day on light volume. It's on the upper part of a breakout but not far enough past new support to confirm as one.
What's helping both the S&P and the NASDAQ is the stronger relative performance of the index compared to the Russell 2000. While this relationship remains intact money flow should favor Large Caps and Tech and therefore a continuation of their rallies.