Yesterday was about the slowest market for a few months. Volume has been declining since last week.
A pause to refresh for .... BULLS or BEARS?
The good news for the BULLS is they have successfully defended SPX 2700, so far, and the low-range lethargic market action (if you can call it action) during the last session could be merely resting and getting ready for another rally, to 2760 or higher.
For the BEARS, the have taken the wind out of the sails of the BULLS, stopped them in their march upwards, and stalled the rally, but tall this will be in vain if they can't take it below SPX 2700.
Most likely, there will be a shallow pull-back and then up towards 2760 and ... we will see what happens there. But, watch that 2690/2700 zone because it has been a very important one for both bulls & bears