In the end, it was Theresa May and not Trump which saw the Russell 2000 cut through support and confirm the earlier 'bull trap'.  This change coincided with a 'sell' trigger in +DI/-DI. Only stochastics are hanging on to its 'buy' signal.

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The S&P experienced heavier volume distribution, but there wasn't a big percentage loss, nor was there a break from the consolidation range.

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It was a similar story for the Nasdaq. It took a greater relative loss than the S&P, but it didn't challenge support from the breakout.  However, look for such a test tomorrow.  All supporting technicals remain in the green. 

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With the bank holiday weekend over, traders can again look to push the Trump/May agenda. Shorts can remain tied to the Russell 2000 - shorting rallies as they emerge.  Longs should to Large Cap indices and the short covering which is likely to follow once trading range resistance is breached.