Amazon takes a tumble after posting its fourth-quarter results.
The fragile tech sector took a hit, and the Fed's comments did nothing to boost investor sentiment.
Market internals hit upside trend day levels just one day after hitting downside trend day levels.
That's unless key market groups, particularly the Russell 2000, regain firmer technical tones.
Let the market show its hand before putting down your bets.
A lack of buy signals indicates risk remains high for a selloff to new monthly lows.
Bull hammer reversals occurred with both the S&P 500 and Nasdaq-100, and the Russell 2000 closed higher in a welcome change.
The market's grinding action is keeping players of all stripes on eggshells.
Oil and biotech sunk, and transports appear at a directional make-or-break point.