10:30 am EDT:  As we wrote this morning, statistically, on a PostPOMO / POMOA day (if that’s Greek to you, hit POMO in the tag cloud below for descriptions in other posts), we see the low in the first hour, which is now up.  As we’ve tested overnight lows, price supports a reversal as well.  Below 963.50 (overnight low), we won’t get aggressive short until 957.50 is taken out as day trade and longer term traders will see 957.50 to 960.00 as a good entry area for a variety of reasons.  We’re still willing to fade a rally at the ~972 area if we still have below average volume, but will not stick around short above overnight high of 973.75.  Above, and we’ll look for longs up to daily R1′s at 980.50 to 981.00.