If it closes WELL off the lows then we may have a short term bottom today. The market may bounce back to 1300ish next week. But if it closes near the low today, then next week could be bloody again. Let's see.
No, today's low. But it doesn't look like it is going reverse now. I guess there just aren't enough shorts to be squeezed, to offset the many bulls who are jumping ships right now. Very weak and sick market. It wants to go lower next week.