In the past few quarters Intel's earnings report was not important as the only question was what the reaction would be to blowout numbers. This time around there is uncertainty surrounding the numbers and I believe tomorrow's market is dependent on Intel.
Intel will surely beat earnings numbers as they set the bar purposefully low. The key will be revenue and revenue guidance. If the numbers are lower than the whispers than it is hard to believe that investors will continue to chase the market without a pause. On the other hand I don't see a strong sell off on a solid revenue beat and solid revenue guidance until after expiration. I have no special insight into Intel's results so I see the current setup as a coin toss.