The closing hourly index charts...
IWM
Dow
Sp
Summary
Very choppy day, with near zero volume.
You can see the underlying MACD cycle is crawling back up, and is set to go positive cycle on Monday.
*I'll probably post a few different things across the weekend. Clearly, it looks like no major downside action until September now..and there is still the issue of when the Bernanke will appear.