Current action is revolving around how much of the monthly February and January candles will be chewed up in this decline.
Markets appear to settling into a trading range. Further weakness is probable but not likely to be very alarming.
Current weakness is becoming better defined, the most serious consolidation so far this year.
All major indexes produced blue candles today but weakness was contained by the 18 day moving average. Outlook still slightly negative,
Worst day since March 21, outlook is neutral but leaning negative.
Overall Market outlook is neutral, IWM and VTI daily candles changed to white
Later strength after earlier weakness. Still quite bullish overall, XBI and XLV are weak.
Close to all time high of 149.43, bullish on weekly and daily, breakout above consolidation on Friday.