I'll try to play the volatility tomorrow, I expect a down day, maybe with a weak lunch hour rise and actually a fade at the end of the day, if we close just a little lower, then I would expect early next week for the weakness to continue for a day or two, if we close sharply lower, I would expect next week to be the inverse (and then deploy more into the close). At this point I still think that the retrenchment will be mild (first target just above 1300, but if 1296 is breached maybe a continuation for another visit to 1263 ) and not lasting much more than the middle of next week.
Zeev