There were attempts to rally overnight and there is a high probability of a rally to at least 2730-35..
The critical test: is can the market rally, sell off a few points, hold, and then rally above 2730/35 during this and the next session.
This is a VERY resilient market that can quickly adjust to rising inflation and interest rates but this may take a few weeks for participants to adjust to the new environment.
It will be better for the medium and long term health of the market - and admittedly, for my bank account - if there is a test of the recent lows (2530/40) ......