11:27 am EDT:  Though the daily S1′s at 1102.00 were taken out (actual low 1100.75), the ES has bounced back into the overnight range.  T-Bonds are down and the EuroYen continues to advance slowly, now having taken out yesterday’s high, so it looks like the swing equity longs are safe for the time being.  Jobless Claims tomorrow and options expiration on Friday will be market movers.  We’ll likely play the existing Globex range for the rest of the day.