BKX did print another red candle beneath the final level of support. If it can not recapture that line ASAP, it will be turn to resistance, leaving the only longer-term fan, a bearish one.
Breadth for the day was actually pretty good, at 2.89:1 advancers, but volume was really low, negating the positive effects of the breadth. The NYSE had only 912M shares traded as volume numbers continue to decline over the past couple of weeks. If volume were over the 1.2T mark, it would of been a nice bullish development.
Tomorrow, the most important thing the watch for would be the SPX starting to make lower lows.