Inside Day. They do happen once in a while. Based on what I see, there's a slight bias to the down side for tomorrow, but it's a mixed bag right now. Stalling a bit here at 4150, so maybe the turn is coming already at this level?
Your bias will either be wrecked or confirmed by the NFP tomorrow, not because of a technical level. When it comes to indices, it's the macro fundys that matter.
I see two possible scenarios. 1) Trendline (reversal at around 4370ish) or 2) measured move (if true, it should reverse any day now).
Unfortunately retail money doesnt move markets - but i do get the relevance in monitoring retail positioning.
Damnit, I was about to post that the NFP print tomorrow was going to set a direction into the Sep Fed meeting. But I now see the next CPI print is Wednesday, with PPI on Thursday. Crap! No wonder the VIX will never drop back to 9.
The above is why i stick to technicals - at least for short term trading. Much headache and wasted time avoided paying attention to fabricated news. Charts never lie.