Yesterday’s big gain in the Dow was wiped out and then some. Today’s action did a bit of damage to the technical landscape: the S&P broke its trendline again and is perched just above its 50-day moving average; the NDX (QQQQ) broke its 50-day moving average and appears set for a test of its trendline; and the Dow closed just under its 50-day moving average. We could be in for an interesting few days as (if) these lines get tested.

Below are charts of The Nasdaq, S&P 500, QQQQ, Banking Index (BKX), Google (GOOG) and Apple (AAPL):