ESZ10 – E-Mini S&P (Last:1171.25)

The futures are getting dragged down by the carnage tonight in IBM and AAPL, but when was the last time hard selling in the latter was not a brazen shakedown induced by canny buyers?  In any event, the E-Mini S&P is down just 7 points, a relative intraday bargain, and one must infer that night-shift predators are piling on.  I’d turn bearish if the futures were to open even-to-slightly-higher, however, since that would indicate that the thieves doing the buying tonight had given up on making a big score.  If so, look out below!  Please note that the hourly chart would turn bearish on a print at 1155.00.