News appears to have been a non-event, which may point to tight range day within the box, although there is alot of pressure for traders to get a feel for this area regarding whether or not it's going to hold after such a big move over the last two days..any doubt i think you'll see an attempt to lock in profit. There can also be short covering at the box bottom, for bears trapped yesterday, and fearful of more upside, which will lend some support.
This box could be a bull flag as well, signifying half of the possible upside move, but again, being extended at the 4th standard deviation makes this less of a possibility.
Asia closed up on our heels yesterday, Europe is mixed right now.