This price action is often referred to as the V formation or the daily stop run. As you can see, the price took a complete average daily range (ADR), push to the downside, and then rejected it with another ADR move to its upside. All in a single day.
This formation indicates a strong rejection of lower price and is often accompanied by continued price action in this direction.
Because of my bias, it was my intention to seek out a continuation move to upside the 156.00 manipulation point.