SP 500
The 50 day moving average is around 1081 and the 50 percent retracement for the entire decline is indicated on the chart.
Today's rally appears to be a technical relief rally, in which the market professionals and insiders use positional knowledge to squeeze the speculators who were holding to the short side. 
NDX
"Where such a shift in power is in favor of the governing elite, Power will achieve its murderous potential. It simply waits for an excuse, an event of some sort, an assassination, a massacre in a neighboring country, an attempted coup, a famine, or a natural disaster, to justify the beginning of murder en masse. Most state sponsored murder occurs under the cover of war, revolution, or guerrilla war, or in their aftermath."
R. J. Rummel