Premarks: A Bottom?

Futures are down today, showing a likely 1% decline in prices at the open. This shouldn't be a surprise given yesterday's big move. Markets are in the process now of finding a bottom & we are likely in the backing & filling phase of this. Markets can likely now trade back to levels where they started the year over the next few weeks. This will likely be a process over time and not a "V" shaped rapid move back up. How we'll end the day is anybody's guess. A retracement of half yesterday's gains wouldn't surprise me much.