Lack of Buyers in the market

Low interest in the market by institutions has created an environment where there were no sustainable rallies today. The market is in a tug of war between the bulls and bears, where the short term looks oversold, but the mid term still shows the market having some excess to work off. It should have been easy for the bulls or bears to score some points and give the market some direction.

So, we are left to see if the bulls will take it back above 905 or if the bears will make their move and push prices lower. Then the market will need to do some consolidation at a lower level before the next move up takes place.