Results here are quite negative.
Next I looked at the SPY:
Here results were more mixed with the max loss accounting for all of the losses in most time periods.
I also looked to see how often the gap up got filled when the market was trading below its 200 day moving average. For the Nasdaq 55% of the time the gap was filled within 5 days and 74% of the time within 10 days. For the S&P the results again were not nearly as negative. Only 41% were filled within 5 days and 55% within 10 days.
A partial retracement of today’s move at some point seems likely. It may or may not be a few days before that begins, though.