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The Dow Jones Industrial Average (DJI) is sticking close to the flatline ahead of the bell, as investors wait to digest the latest central bank comments from across the pond. Although the Bank of England (BOE) held steady on its current monetary policy, expectations are high that European Central Bank (ECB) President Mario Draghi will hint at future rate cuts during this morning's press conference.

Meanwhile, with the S&P 500 Index's (SPX) modest move higher yesterday, Schaeffer's Senior Trading Analyst Bryan Sapp continues to keep his eye on, "1,550 to the upside, and 1,525 to the downside. These levels are likely to remain in place until traders can react to Friday's jobs number."