10:08 am EDT:  ISM was ahead of consensus and is giving equities a bullish tilt, the the ES up against the monthly pivot at 1048.00 as we write.  Longs should be able to capitalize on this to break through a very strong resistance from 1048.00 to 1055.50, which would set the week up for a resumption of the rally (still do not expect new highs though).  If this resistance area holds and the ES trades down through the daily pivots again ~1045.50, then bears are very strong and we will probably see new lows into Wednesday prior to FOMC.  1044.00 to 1045.00 is a buy area on a retracement.  We likely won’t fade short today.