For the last 7-8 days the ES has basically went sideways with the 950 area being a critical resistance level. Tomorrow we will be watching the 942.00 level as this could be the short term resistance level that could hold the price down on the smaller more intra-day time frames. The 925.00 level is now the support zone (the prior support was 875.00). The 30 min chart looks similiar to when we were near the 875.00 support zone before we broke higher. Even though the last 7-8 days has really been a non event, tommorrow could be the day where we finally get some movement one way or the other.
Some stocks like GS and AAPL have had some selling pressure on them the last few days. Keep an eye on these stocks as more follow through to the downside could lead the market lower, or at least keep the resistance holding the market down at this level.
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