The bears made a little noise on Monday after they scored a victory round and lead most of the fight from start to finish. The first waves of support were tested but the bulls also showed some strength as they rebounded off the lows to recover 2/3rd’s of the losses.
The action into the close was mildly bullish as there wasn’t a test to new lows but Wall Street seems nervous as the VIX tested 15 again. China is also walking on eggshells as the Shanghai Composite Index is at 5-year lows while Copper continued its plunge and is a development worth watching. (continued…)