Ahead of the ECB decision, mild gains in both US Futures and Europe with Yields moving higher, little movement in the Euro vs USD while Australian Dollar reversing from Key 7-month Triangle resistance. Signs of S&P attempting to stall out after the last couple days of mild gains with prices up near last Friday's highs ahead of Oct expiration, but little actual gains in Breadth and/or positive momentum change on this mild rally over the last couple days and the structure remains arguably broken, with gains proving to be likely good to sell into- Yesterday's movement in both Energy and Financials was constructive, though Technology has begun to wane and at 20% of the S&P the largest sector, this could prove to be a headwind for further gains- For today 2145 as resistance, then 2148 while under 2136 would cause a test of 2131-2 trendline support on hourly charts- WTI crude giving up yesterday's gains but trend remains quite positive in Crude after yesterday and today's selloff should be a chance to buy dips in both Crude an in Energy stocks- Bottom line, one should remain selective and defensive in stocks, as a good likelihood of a possible pullback into next week still exists, with 2136, then 2126 being the key levels- Early movers in DRWI, AXP, KMI, BANC positive along with URI, MAT, CTXS and on the downside: EBAY, ONVO, RIGL, PBYI- Let me know if you have any questions