US Indices : Getting @ Interesting Points

Almost all US Indices are Getting @ Interesting Points.

So the key Q:

Is today the day of hitting a short term bottom.. and thus a point from were a decent bounce could start ? OR
Is today the day of breach of long term support trends, and so a start of another major down side movement all across ?
A friend mentions: i think there is still too much money with folks (even though with lesser purchasing power), and I see all sectors getting sold off today .. so where is it going ? I think it has to come back into the market, but I really doubt as a long term investment. So maybe we will see short rallies
which is what we have seen in this year.

Despite being hopeful of bounce or not.

Nevertheless, Interesting times to come, ahead.  Hold your breath for the Joyride and enjoy the game.