From the last Total market view: "Probably things stay the same, ie, maybe next time."

And that's the way it played out. So far covering hedges and buying the dip 9/12-15 low per VIX and SepS1-S2s on USA mains has worked out. But back to interesting resistance on upside in the form of SPX YR1 and VIX SepS1.

The biggest gainers were the indexes / ETFs that held up best on 9/9 area drop. What held SepP: XBI/IBB and FXI. Slight break & recovery: EEM. Down to SepS1 that held on the low: QQQ, IWM. Then there were several others that held SepS2s. Still, if you focused on biotechs and China on the drop you have done very well on the bounce.

SPX and VIX below. Watch SPX YR1 2163 and VIX SepP at 13.12.