The market consolidated on decreased volume today, the future direction is unknown. Probably the rebound could continue tomorrow.
1.0.4 S&P 500 SPDRs (SPY 15 min). The main reasons for the rebound tomorrow: Double Bottom plus some positive divergences.
2.8.0 CBOE Options Equity Put/Call Ratio. CPCE tested trend line, and tomorrow will be critical -- if the market goes down, most likely the trend line will be broken, and therefore a top will be confirmed.
1.3.7 Russell 3000 Dominant Price-Volume Relationships, 1368 stocks price up volume down, bearish. However because of the typical consolidation pattern on the decreased volume today, I'd not read too much into this.