Wall St Strategists Hunt for Good Omens…

(Bloomberg) — After succumbing to full-blown fear this month, American stock traders were braving all manner of global market gyrations to kick off the volatility-hit trading week, from the pound crash at all-time lows to China’s weakening yuan.Most Read from BloombergThe S&P 500 rallied before paring gains, while the Nasdaq 100 jumped as much as 1.4% even as Treasury yields rose to near the highest since 2010.While one shouldn’t read too much into one-day moves, the equity whiplash Monday rekindled the Wall Street debate on whether bearish sentiment is getting exhausted after the violence of last week’s rout to near-June lows — or if more bad news will send the market even lower.Looking under the hood of the stock market for signs on sentiment and positioning, chart pros are pointing to reasons for cheer, even if they still see plenty cause for concern.Christopher Jacobson, Susquehanna International GroupInvestors hoping that negative sentiment has already peaked might be disappo …