Here's the rally attempt I was talking about

will it continue? Tough call. I don't have a good feel for it one way or the other.
The put/call ratio is elevated and the VIX has spiked a bit but is a VIX 24 enough? I'd rather see it in the high 20s at least to make me feel comfortable with the notion that we've seen enough fear to mark a bottom. But I know all too well the market doesn't always give you what you are looking for which means you can either participate grudgingly or step aside and wait to see a clearer set up. I tend to chose the latter because if I chose the former it makes me a weak holder prone to getting whipsawed. One thing I do have is patience...sometimes too much of it as it makes me miss out on opportunities but that's me...I play a tight game and fold a lot of hands.