THE HIDDEN CLOSE
Something came - but it wasn't lower prices to bounce form - the bounce came from the current prices as the old saying "don't short a dull market" showed perfectly.
The SPX closed down 1, NAZ -7 and the DJIA +1.
It was an index driven market as the internals ended the day much worse that the indexes:
SPX- 169 GREEN;
NDX -34 GREEN;
NYSE- 900 net losers;
NAZ- 700 net losers;
VIX - about unchanged.
Sectors also not confirming the move off the lows will many in the red - although BKX RTH HGX IYF XLF SMH all closed green while XME XLE OIH HHH EWC EWA all red.
RSI (2) levels back to the middle of the range with SPX and NAZ at 50 and the DJIA at 80.
Tomorrow turnaround Tuesday- just not sure if that is up or down - anyhow, one day at a time - and clearly lots of support under at SPX 920/930-