Thursday saw another attempt by bulls to make up the losses of the previous day, but bears didn't wait until the next day to attack. Instead, an afternoon assault pushed markets back towards their lows, setting up a situation for further losses today (Friday). Volume was light, and there is plenty of support nearby to work, but it doesn't look good if you want to be a buyer for the longer term. If that's your goal, refer to my table below to identify market conditions best suited to do this. As for markets, the S&P inverse hammer looks ugly. A test of 2,009 today or Monday doesn't look unreasonable.