When I went to sleep last night (and it was a rare occurrence that it was actually last night) the S&P Futures were down 14 points. As I type this, they are only down 3.
So much for a big gap down to start the day. From here, I'm watching for a gap fill, but we may get that before the open at this rate.
Without a gap of at least 4 points basis the S&P futures, it keeps me on the sidelines at least early. I'll watch for the first pattern of the morning to key off.