SPDR S&P 500 (SPY)

[imiloa]

with bad jobs numbers this week, seems likely tmrw's employment report @ 8:30 will also be grim.

but bad econ news is good market news, right?
that fed rate can kick thing...

SPY & VIX both OS currently,
and VIX generally follows SPY,
unless VIX has a sense of what SPY is about to do.

re: open interest, max pain for tmrw exps is still 207:
http://maximum-pain.com/options/max-pain/?s=SPY

suggesting higher bias tmrw if the casino wants to maximize their option writing profits.

nutshell, imo, could go either way tmrw.
but my guess is rally for the above reasons
plus the sense that bulls aren't going to roll over this easily
and will want to break the multiday slide and end the week on an upbeat
to avoid anxiety brewing over the weekend
that might induce a massive monday selloff...