Quoted"

https://www.cnbc.com/2018/02/05/why-the-stock-market-plunged-today.html

Meanwhile, US Bond yields which breakout are the initial trigger for the reversal, are dropping..

On the S&P 500 earnings front, best beat against consensus earnings estimate so far….

Neither it means the market has bottomed mean nor a V-shape recovery is in the horizon.  Just that, the pullback is more technical than anything else, and let’s wait for a technical sign to signal bottom.  Expect market to be volatile at near term! 

CFD on S&P Future Index (hourly chart) 

Disclaimer:

A sharing of personal investment idea and thought and is not a recommendation to buy or sell.