There is some evidence for it. Strange mid morning strength. VIx down for the day. ADD holding steady. Flattening MA's on the 30 minute timeframe. Essentially it looks like the downside is out of steam. We still need to move and hold above the daily VWAP before the move is confirmed.
Im bearish and believe there is a significany rally coming soon, back to 8000 is very reasonable, still waiting for the s&p touch new lows though.
ps. I'm not trying to convice myself of the trade. I have my stop in place. This is just a trade till the eod.