The S&P 500 has trimmed its decline to 37 points. The opening ‘high’ is 4098 compared to 4090 now. If it can get into the opening gap, we could see a further bounce.

Meanwhile, it’s a rough day for European equities but the closes are around 1% above the lows.

For the S&P 500, it also looks like the market is trying to carve out a double bottom.