XJO Weekend Charting and Chat - 09 Feb 2018, page-8

The XJO closed lower on Friday.
The Index initially came off strongly in sympathy with overseas markets, testing Tuesday's lows, before recovering late morning and the remainder of the session.  Price appeared reluctant to breakdown a second time, and was in recovery mode for most of the afternoon session.  The lack of a Friday afternoon sell off suggests the support being seen was probably not short term traders.
Sideways in recovery mode remains a reasonable probability for now...... depending on the degree of weakness displayed overseas.