The September e-mini S&P (ES) fell below the 1248.50 pivot yesterday and now we look for a move below 1200 – things point to 1159.50 as the eventual target. Only a bounce back above 1276 would negate the downside scenario. Lots of new levels today. Support @ 1235.25 (new), 1222 (new), 1209.75 (new), 1204, 1190, 1180 and 1159.50 (new). Resistance @ 1248.50 (pivot), 1256.75 (new), 1270 (new), 1276.25, 1286.25, 1291.75 (pivot), 1298 and 1307.50 (new).