It watches November's bearish action and awaits catalysts that may signal a reason to buy.
The major indices, gold and crude oil all sold off, as did banks.
And they're keeping index prices near their weekly lows.
Major indices carved out narrow range patterns near Monday’s selloff lows.
It's possible, as leaders during the recent rally ground out bullish pullback patterns into or just through new support levels.
There were opportunities for a big down day this week, but the bears failed to follow through after selling bursts.
Banks had strong sessions, but the PHLX Semiconductor Index turned south.
Average volume pointed to minor profit-taking after the two-day upswing.
Major indices remain range-bound despite bulls' joy over the five-week recovery wave.