Look at last Friday's volume which is huge. Green circles in the past suggest either a sizable rebound or a short-term bottom is in. At most, we might have another lower low next week. Please notes that next screen shot is related to this chart and why I choose to display VOO etf.
For other reasons that I believe market might have hit a bottom, please read my older thread (More Down Ahead???)
功力有限,大家切磋!周末愉快!(Copied from Novice_Trader as my chinese is suuuuuuck)
VOO is not as representative as SPY. And the volume of SPY last Friday was not exceptionally high. but positive money flow was indeed very different from normal major down day.