The bulls got to work in the last hour and closed the S&P500 into the green... although the Dow lagged a bit. S&P futures closed under the 20day WMA again (1442ish), but the bulls held the 1431-1432 area on the intraday dip.
If the bulls get to work tonight in the futures, I'll be looking for a move back into the 1458-1465 high volume zone on SPX tomorrow. One thing that has me cautious on longs is the OEX P/C ratio... it stayed very high today and barely came in on the afternoon bounce. That's potentially bearish on a gap up tomorrow morning.
