It was a very mixed day and a flat session for the most part, particularly in the afternoon session. The day started out with a little move down. The indices bounced around for a couple hours and then headed down right into the beginning of lunch hour, reaching the morning lows. At that point, they snapped back through lunch hour and went into a sideways drift for several hours in the afternoon. The S&P and Dow managed to move into positive territory late in the session, but the NDX backed off at the end of the day and ended narrowly negative.

Net on the day the Dow was up 31, the S&P less than a point, the NDX down less than 4, and the Composite down 2 3/4. The SOX was down 2 points today.

Reviewing the technicals, advance-declines were 2 to 1 negative on New York and 17 to 13 negative on Nasdaq. Up/down volume was just slightly to the negative on 1.5 billion traded on New York. Nasdaq had 1.6 billion traded, with about a 9 to 7 negative ratio on up/down volume.

TheTechTrader.com board was mixed. The star of the day on a very strong earnings report was CRYP, up around 2 1/2 points on heavy volume of 1.5 million. SIGM jumped as much as a point early in the day, but backed off, closing up 57 cents on the day but still to a new 18-month high. FCEL was up 34 cents, and INTC was up 39 cents.

On the downside, AIRT was down 1.84, breaking key support at 20 and closing at 18.85. DNDN gave back 33 cents, PARL 40 cents and BRCM 52 cents. But other than that most stocks on my board were very narrowly changed.

Stepping back and reviewing the overall patterns, the recent slide continues and is in its 4th day on Nasdaq, but we had some positive divergences on the Dow and S&P.

However, it was a very unconvincing day. We'll see after the three-day weekend if the market can snap back. We're near important short-term support, but not far from overhead resistance, as well.

So the market will have something to say on Tuesday about where it wants to go.

Good trading!

Harry Boxer is a technical consultant to many Wall Street hedge funds and large institutional traders, and author of TheTechTrader.com, a real-time diary of his day, swing and intermediate-term trades. For more of Harry Boxer, sign up for a FREE 15-day trial to his Real-Time Technical Trading Diary, or sign up for a Free 30-Day Trial to his Top Charts of the Week service.