Stocks are looking technically very weak after rejecting the neckline of the head and shoulders pattern. Notice that the Kovach OBV is still strong. The S&P 500 is also at a level of support at 3156, so it should catch some support here.
We just likely saw the completion of a full 5-3 Elliott Wave, and this could be the start of a new one. The level 3190, will be critical to test and break to confirm the continuation.