yesterday we had a nice rally on the US.
No one can say if it is a bottom or not.
What one can say that yesterday it was an oversold rally, specially strong because on Friday the US markets reached what in technical analysis is called a “death cross” (you can imagine what it is) – after 6 days of decline.
So just do not read too much into it.
But a bottom is likely to form between August and September.
investorpolitico 