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Week ahead could decide whether that was the bottom

After a rip-roaring week, Wall Street should be in better spirits when it gets back to work Tuesday, as traders watch to see if markets can hold recent lows.

China's mainland markets reopen after a week hiatus Monday, and that could stir things up if selling there intensifies. Hong Kong's market sold off in the past week when it reopened after a three-day new year holiday.

In the U.S., selling reached a crescendo Thursday with both stocks and oil hitting January lows, before erasing losses. Both markets rallied hard on Friday with the bouncing nearly 2 percent, and West Texas Intermediate crude up more than 12 percent on the day.