"You're seeing some divergences so you can consolidate around here. Maybe next week, it retests the 200-day around 1,907. You still have to be a buyer. It's still going higher. You have good seasonality into year end," Curry said.
He said volume was consistent with capitulation when the market pulled back last week and the subsequent strong rally and decline in the VIX were a good sign.
"It all says you have to be bullish, but you could still see a pullback," Curry said.
Read MoreOil drop another issue for the stock market
West Texas Intermediate fell $1.97, to $80.52 per barrel, its lowest close since June, 2012. The government's inventory report showed crude inventories rose 7.1 million barrels in the last week, well above the expected 2.8 million barrels.
Treasurys sold off after consumer inflation data Wednesday, which was not as negative as expected. CPI was up 0.1 percent rather than flat. The 10-year yield rose to 2.25 percent, a one-week high.
"We have weekly jobless claims which could be important because last week we had that 264,000, which was the lowest we had since 2000," said Arthur Burns, co-head of Financial Futures and Options in New York for Societe Generale/Newedge. He noted the four-week average at 283,500 has been moving lower and is a positive sign for job creation.
Read MoreWeird econ: How a $40B trade deficit helps US
"We don't really have any macro-economic numbers coming for the next couple of days, other than the jobless claims number. I think the attention is going to be on next week's Fed meeting. There was a disconnect between the statement from the last meeting, (Fed Chair Janet) Yellen's press conference. Then the minutes came out, and they were interpreted as more dovish," he said.
Jobless claims are released at 8:30 a.m. EDT, and leading indicators are released at 10 a.m.
Earnings expected before the bell include: Caterpillar, MMM, General Motors, Raytheon, Untied Continental, Alaska Air, Southwest Air, JetBlue, American Airlines Group, Union Pacific, Comcast (CNBC's parent company), Eli Lilly, Royal Caribbean, Under Armour, Celgene, Dunkin' Brands, Pulte Group, Credit Suisse, Dr. Pepper Snapple, Imax and Brunswick.
Microsoft and Amazon.com report after the close, as does Altera, Juniper Networks, Southwestern Energy, Flowserve, Biomarin Pharma, Altera, Cerner, DeVry and Decker's Outdoor.