At SPX pre open 12/30/16 the DAX and FTSE are up as are S&P . High probability of a rally at least in the first hour.
Upside daily target is the zone around .618 resistance.
The SPX rally only lasted 2 minutes before dropping and has now gone below important short term Fib support at the 12/29 bottom.
The SPX rally that topped today 2 minutes after the open could be another wave "2" up. If so it was a very shallow retrace and potentially very bearish.