The monkey picture is for my father-in-law, who likes it when I post pictures. OK, don’t we all? 
Price is hanging in there with a bit of consolidation and accumulation occurring. This is an important interruption to the reflexive up-day-followed-by-double-down-day pattern we’ve been seeing for months on end. Most trades appear to be occurring at the ask, indicating buyers are being relatively aggressive, as seen in the Cumulative Tick. I’d like to see the Trin a bit lower though (negative volume is keeping it up). Meanwhile the A-D line and VWAP are relatively flat. If we can continue to “hang in there” at this level on moderate to low volume, it should be bullish for tomorrow.
The short-term RSI is getting up there (about 78), but intermediate oscillators are still oversold, the MACD is officially crossing back up, and the VIX is stabilizing lower. The widely tracked McClellan Oscillator (tracking the advance-delcine line) is also picking up some steam. This is all technically bullish, though we’ll still need to see more follow-through over the next several days.
