Overnight, the September e-mini S&P (ES) came within 1 tick of the trendline - connecting the lows from 7/15 (1200.75) and 7/29 (1231.50) - 1247 today. After closing just above the 1248.50 pivot yesterday, ES is now above the 1256.75 level, but we’re not sure how long it can stay above that. Recall that we were around the same levels yesterday morning. Watch the e-mini Nasdaq 100 (NQ), as is could be the directional bellwether. Support @ 1256.75, 1248.50 (pivot), 1235.25, 1222, 1209.75, 1204, 1190 and 1180. Resistance @ 1270, 1276.25, 1286.25, 1291.75 (pivot), 1298, 1307.50 and 1321.50.