The September e-mini S&P (ES) managed to move above the 1276.25 level yesterday, which we thought was a topping area, before closing slightly below. Overnight it got as high as 1284.50, below our next level of 1286.25.  If ES closes around current levels, it would be positive for the month and almost 7% above the 7/15 low.  We’ll maintain the stance that dips holding 1248.50 leave the current uptrend intact, but our ultimate targets are below 1200.  It would be surprising if ES doesn’t test 1261 today or tomorrow.  Support @ 1276.25, 1268.75, 1261, 1255.25, 1248.50, 1241.25, 1237 and 1229.  Resistance @ 1286.25, 1291.75 (pivot), 1298, 1310 and 1321.50.