Futures were way down after the close yesterday and spent the night rising from 685 to over 700. This upward momentum is bullish and should portent a bullish opening. Whether the bulls can carry that over into a bounce or relief rally will depend upon whether they’re able to push the price past the 710 barrier (of course since I’ve switched my thinking to the bearish side, of course we’re now guarranteed a monster rally LOL. If one wants to play the long ETFs for a short-term gain, I’d wait until seeing what happens at 710 and again at 735 at the gap before switching. The way up is filled with pitfalls. Any move past resistance should be considered extremely bullish.