The index had a low at 5244 which is the o.618 Fibonacci extension and had a big reversal day that is bullish short term. Still I count it as a one day counter trend. Due to the huge move down the market bullish.could have more than 1-4 days more like 7-12 days before taking the low if the trend is down. Only a close above the 200 MA at 5422 would make it bullish.