The SPX closed the day with a gravestone doji candle very much like the DOW. At the bottom of a trend (if you consider Thursday's red bar a downtrend) then this can actually be considered bullish since it shows that some buyers stepped in today. On the other side of that arguement, there was a good bit of selling at the close which could be considered bearish.
The SPX is still finding support at the 200MA (2 days in a row now), but keep you eyes open tomorrow, as a close below the 200MA may create some more panic selling. The 1425 area has held as support over the past week, keep your eye on that area as well.
SPX 6 Month / Daily Chart
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