The strength of the SPX rally from October has been extremely impressive. SPX has not yet even reached the 50% retracement level on this dip.
SPX was trading around the minor support on Friday, and should see a bounce. Major orange support rests below, and could be tested prior to the next bull market run to new all-time highs.
XIV closed below the pink support on Friday. The pink line may act as resistance for the short term. The major turquoise support rests below.