Note in the chart below how yesterdays drop was contained at the convergence of the 50 & 200 Day MA's.
Also, that's a decent looking candle(We advise our members learning candlestick charting) that indicates an open, a move lower, a rejection of that low(Support) and a close by the highs of the day..
As you all know, I don't like to speculate on future direction of the markets especially since our filters usually afford us early and ideal risk/reward opportunities.
Next stop, perhaps today, is to retest the key 116 area(Pink Trendline).
A push above that level, especially on a Friday, could lead to a very constructive close for the week..
Let's see what unfolds.