The September e-mini S&P (ES) pretty much traded within the 1248.50 and 1261 levels on Friday and has a smaller range so far today. Due to the small ranges, not much has changed in our thinking over the past 2 days - a move (lets say 1 or 2 handles) below 1248.50 and it looks like ES will eventually get below 1200, above 1276.25 and it will get above 1300. Support @ 1248.50 (pivot), 1241.25, 1237, 1229, 1218.75, 1204, 1190, 1180 and 1165. Resistance @ 1255.25, 1261, 1268.75, 1276.25, 1286.25, 1291.75 (pivot), 1298 and 1310.