The other thing to note on this "down day" (such as it is) is the volume, which as of this writing is well under $1M. Golly, a whopping $60K has been traded! This is not enough to constitute anything remotely approaching a signal. And it sure isn't indicative of anything remotely bearish. Quite the contrary, actually. When the market moves up on high volume and stagnates or dips at low volume, that's a good sign. And it's what we're getting here.