Is this all fallout from Wednesday's pull back or do you think it's hinting at another decline?

After a rough day, I figure people are wondering where the market is going tomorrow. I've been trying to learn how to use macro indicators to predict the market, as inspired by GM. First, pull up marketwatch

I think this chart is a good example of how to use technical analysis to read stock charts. Technical analysis refers to pure chart interpretation (think swing traders and day traders). It is the opposite