S&P 500 dips 12 points at the open

Stocks lower to begin the week

The S&P 500 is down 12 points to 1977 shortly after the open. The index finished last week slightly higher despite a massive selloff on Monday.

The weekly chart highlights the scope of the rebound but it also argues for more volatility. It's exceedingly rare to see markets flatten out after two candles like we've had over the past two weeks.