The Fat Lady Has not Sung (yet)

As much of the technical analysis has shown in the recent past, the continued weakness in the indexes needs a strong kick to the upside to keep the 'technical' nature of the advance alive.  Today, in the SPX, that did not happen.  In fact the futures were down double digits at the open and then recovered.  The price action maintained the level around Friday's close before uncharacteristically dropping a couple of shoes into the close, ending up down 1.72%.  The typical ramp up into the close did not occur.  Was this a trap for the bears?  13 handles in 20 minutes.  You just have to love the volatility - or maybe not.  And is that a reversal candle on the Daily Vix chart?  Watch and learn.  Tomorrow is a new day and a new  view of the market.