(a) The gap from the previous day's close to the open was just about 1%, quite a large deviation that should tell you to pay attention to the lows and how they're being tested.
(b) Price gaped down right on top of the 50-EMA on the daily chart
(c) the gap also coincided with a number everyone was looking at for support, $102
(c) the momentum divergence on the 30-min chart that I mentioned yesterday.
Take a look:
Other than that, price just chopped around my support pivot all day long.
A curious observation about today is that the TICK had a lot of large positive readings, not sure what that's saying about the market breadth.
After all is said and done we closed the day up, on top of the 50EMA as a gap-down (but filled) inverted hammer. While the weekly chart doesn't look overly bearish, yet. The 20-ema has just caught up with the 50-ema and price sits right on top of a 38% retracement from the highs of '07 to the lows of March. 
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