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Not much in the way of price action today. Prices were down .18% on the SPYs. As the daily chart below shows, notice that prices opened lower, rallied, fell and then wound up back where they started.
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The main action today came in conservative/defensive areas. The TLTs were up 1.25%, the XLVs were up .8% and the IEFs were up .64%. My guess is traders are playing it safe until the Fed releases the minutes on Wednesday. Ultimately this is good for the bulls as it allows the market to cool off right now; the market is pretty over-extended and it needs to let some profits get taken -- or at least move sideways for a bit. Notice how the RSI is peaking right now:
Also note how the MACD is approaching a sell signal:
