One of the daily oscillators I'm looking at is still pointed up, so I can see some immediate upside, although if the trend is down, it'll get overbought very quickly.
Regarding the volume, I'll see if I can run some numbers on Monday volume and see how today's stacked up. Maybe today was the foreigners day to sell and U.S. mutual fund managers just stepped aside?
I noticed that SI_Shack was getting somewhat skeptical of the bull case, based on the SMH. The daily BB are getting pretty tight and we closed below the 20 EMA today.