Despite the seemingly bearish implications of yesterday, Thursday rallied and the market made some pivot improvements:

DIA closed above MP
QQQ closed above Q2P, fractionally
IWM lifted above all pivots
NYA closed above its MP

XBI rallied above all pivots
SMH closed above Q2P

Usually, tech getting into gear is good for the market.

Lastly, VIX collapsed with clear rejection from MP.

However - SPX SPY ES stopped cold at the MPs and after hours lower so far. The SPX set QP will likely decide the next major market move.

SPY and VIX below.