Sectors overall in rough shape, but promising charts emerge.  

Today the market made a dramatic turnaround off of its lows of the day. It was a much needed boost for the market which had yet to produce a green day even once in the previous five trading sessions. However, I’m concerned that it could be nothing more than last month where we would get periodic rallies that only lasted for one day before resuming the trend lower. Nonetheless, in the post below, you’ll see a number of sectors facing some key tests of support, and so far they are holding them. Industrials concern me quite a bit though as there is a well defined, long-term double top pattern in place, and little done by price action that would suggest it won’t play out.