China Throws the Market a Bone

And, of course, the algos are eating it up.  VIX finally dropped below its SMA10… …and, ES finally pushed above its.The biggest story from a charting standpoint, however, is the Dow.  As we discussed on Tuesday, it has the opportunity to complete an Inverted Head & Shoulders pattern at 26,360 this morning.  Given where the futures are, keep an eye on this important test.

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