Dow First to Regain Footing

If the Dow can close here, up almost 200 points, it will be the first major U.S. equity index to regain its footing and close above the key .618 fibonacci retracement of the recent correction.  The other indices are just below this key level.

Also note the VIX has traded in a range with its 50-day m.a. as the  lower bound and its 100-day m.a. as the upper bound.   A break below the 50-day would further confirm the correction is coming to a close.

(click here if chart and table are not observable)

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