Taper Tantrum. NFP. Evergrande . Your Choice. Done?
We came close to the Friday lows at 50 area. This area is critical as it acted as resistance May/Jun and then support July and Friday. This week is going to be a bit tough and we may very well puke some more. For now though as long as the 50 holds, above is the 15 area and if that is overcome then the 38-40. Above that is 62 but that is getting ahead, given the news flow. GL