If the market reverses, it is typically near some key pivot point, such as the previous day's high or low, the 0930 ET open or the morning's high or low. There are many more, but these are the major ones. If there is to be a big move in the market, it is usually after a test of a key pivot point.
A change from red to yellow or green to yellow, which is an indication of a reversal in momentum, is more significant after a test of a key pivot point in the market.
The key reversals yesterday were a test of the previous day's low, a test of the 50% correction of the previous day's range, and a test of the morning low.
Charles
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