Watch Dow 12800 and S&P 1400

Those points should serve as turning point for today.  It may not reach that far, but ideally Dow touch 12800 will be very good for market recovery.

If Both Dow and S&P can close above that level, it is positive sign and meaning the down trend will be pause and start to rebound.

The "shorts" and puts are too many  and make securities become "too short" for the short term. Once broad market stop decline, and start rebound, those will become potencial "buying power" to fuel the broad market. 

So we may see a big up date in short term.