Begin with the daily chart.The day began with an easily recognizable upthrust through the 100.44 supply line. Prices fell without making a new low and the rallied easily but on declining volume. Notice how prices never closed below yesterday's close. Someone gave the order to keep the market positive--above the previous close and so it was done. Selling came in between 11 and 11:10. Through the reversal bar and the first low at 100 we draw our support and resistance lines. Over the next 2 hours the market struggles to regain what it lost in 20 minutes. Ending in the three bar pumping action upthrust at @1:30(a sign of a top in the upthrust position-- a gift), the market starts down with some ease of movement. Taking out the small green line the market makes a lower low. The tightness in the rally that I circled, ending at 2:05 tells me the sellers will not let it get away from them. From the action so far, I would expect more ease of motion to the downside and that does not happen. The spring then is not surprising and is followed by true ease of movement, note the difference. The circled reaction here is tight as well and from here until the reversal bar at the close we get the kind of sharp easy move one could expect from this price action. Good night.
So far no demand on the retracement. In fact today might easily have been the lowest Dow 30 volume all year.
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So far no demand on the retracement. In fact today might easily have been the lowest Dow 30 volume all year. 
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