Not really much in the overnight session has caught my eye. It's interesting that all the buzz around the Zoellick chatter about readopting a modified global gold standard to guide currency movements . . . has gold down so far this morning.
I will look to be buyer should the S&P get back down to around Thursday's 1214.70 low (1212.50 on the ES). The overnight action looks a little stubborn, though, trading in a very tight band. It may not give me my chance. I may take a small test position in SPY 123 calls at the open. I think we're within days of a turn and do not want much risk.