First trading session of the year and the market was down more then 400 points at one point before recovering. According to the news channels china's market was do down 7% before trading was halted for the day, I wonder what will happen when the chines market resume trading tomorrow, if the selling continues how will it impact the US and other world markets? SPY took a breather around the 200 support area with a huge gap down if this support does not hold we could see Oct 2015 lows and who knows beyond. From what I know the market can recover all its losses tomorrow and never look back!!