Cumulative Tick is flat lined, Semi's and Transports are pulling, but Financials are going nowhere fast and the five-day moving averages are again headed flat to southward.
The S&P500 may look more attractive around the twenty-day moving average in anticipation of a long Fed trade in a week or so, though a volatility/VIX option play may be more in order.
For today, keep an eye on that daily S&P VWAP to see it holds and whether the TNX keeps rising and/or the Financials decide to join the party, indicating a possible move back into equities after this as yet mild pullback.
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