The Neutral Zone
S&P futures have a netural zone between 848 and 836. Further, we do not expect much activity until after midday.
On the upside, S&PS would have to show staying power above 841.50 to encourage the buyers. n the downside, they would have to show staying power below 834.
Similarly, Nasdaq futures are neutral from 970 to 976. They are slightly bearish between 970 and 967, and slightly bullish between 976 and 978.