ETF movements and Indices taking a breather

Last week, we talked about the hope that the indices would take a breather. It is taking a small breather, which would rhythmically aid in its next move upward. While tech stocks were beat down today. Most other ETFs had moved higher - Financials, Consumer Products, Energy, Utilities, and so on.

There is some risk of more selloff in indices, especially if it retraces more before the end of the week. The more conservative approach would be to sellout longs if indices open negative tomorrow and wait for re-entry point.