I think given the volatility no one can guess the direction. See how us and Europe markets behaved in last hour. From 1 percent up to 1 percent down..
All the news are positive for market, except us GDP...
I base my analysis based on option buildup. 6140 is possibility as max pain is at 6150 and range is 6200 -6300 for last 3 days.
There is put buildup at lower strikes, but if you observe the highest oi is shifting from 6000 to 6200 levels indicating the market movers expect market to move up.
Call oi is building in upper strikes and not in lower strikes. So if market were to move significantly lower from 6200 levels, u would write 6100 call to eat max profits... But it's not happening..
In addition, 6400 puts saw square off today.. Put square off is happening at selective strikes.. If market were to move lower, the strike prices ATM should see square off.. But put writers are sitting tight...
Again I'm still learning on defining the swing direction using the option build up analysis.. So may not be 100% correct...