Yesterday was a holiday in most of Europe and so the market was thin. Always a dangerous situation as the big players can engineer big moves on little news. This was the case on the S&P yesterday. A big up move on ISM figures, 1412 being the top and then a crash back down on Fed comments on interest rates.
Back to reality today, should be the quiet before the storm of tomorrow and Friday. Draghi, Non farm payrolls, French and greek elections, we are heading into the eye of the storm.
For today, just go with the mood of the market but as yesterday be aware, the mood can change quickly.