The S&P 500 futures currently trade 17 points above fair value.
The S&P 500's loss yesterday marked five straight for the index and five out of the last six for the Nasdaq Composite.
The DJIA has fared this week's mega-cap weakness better than its counterparts, holding a modest 0.4% week-to-date loss, while the S&P 500 is down 1.3%, and the tech-heavy Nasdaq Composite has shed 2.4%.
Higher futures this morning could signal some buy-the-dip interest, though Fed Chair Powell's 10:00 ET speech will likely be the market's ultimate barometer today.