Yesterday was a little more damaging than Friday in that early gains couldn't stick in what would have been a respectable rebuttal of those losses.
The Semiconductors managed a perfect tag of resistance before it headed south. Shorts will have had the best of the opportunities yesterday, although technicals are still net bullish.
The S&P edged below 1,940 support, but remains close enough to its 50-day MA to still be considered at both support levels - although another day of losses won't be tolerated.
The NASDAQ had already tagged resistance and yesterday's action simply confirmed such resistance. Technicals are net bearish, although there is continued bullish improvement for On-Balance-Volume and MACD.
The Russell 2000 tagged resistance of its 50-day MA before it reversed. Like the NASDAQ it's dealing with net bearish technical strength.
Today will be a case of minimizing losses and exhausting Shorts of opportunities while waiting for buyers to return.