The major indices took an am session trip down south on the consumer confidence miss, but appear to have stabilized near SPY pivot/ 5-dma at $106, and are seemingly setting up to test the daily VWAP. Internals are mixed in potential range-day fashion, though they appear to be setting up for a bid, we’ll see if they can hold it together here. The negative intra-day tone is hard to ignore, but so have been the repeated pm session come backs during the last few months.
