VIX is still red though.
sp'60min
vix'60min
Summary
With two hours to go, what now? The turn around is pretty good so far for the bears, but even a flat close is a major threat to what was a reasonable 3 day down trend.
Bears should be seeking at least a moderately red close....preferably <1430. Right now, that still feels like a very long way down.
I'm still short, but this sure ain't a good day so far.