Intraday Update – Consolidation Continues Some Gaps Are Filled

2:29 p.m. ET SP-500 -0.55%, Dow -0.65% (Transports -0.8%) NASDAQ-100 -0.6%, Small Caps -0.35% The averages continue to pull back in what I believe to be a bullishly bias consolidation. Some have even filled Tuesday morning’s gap, like the NASDAQ-100. NASDAQ-100 (5m) has filled the gap and remains in a constructive consolidation. The other major…