11:51 am EDT:  All the news has been good today, perhaps a bit too good as it has facilitated a US Dollar rally, which in turn is weighing on equities.  The ES sold off precisely at day-session-only R1 (1093.25) and has now filled the 4:00 pm gap and entered the lower end of the projected range (1079.25 to 1081.25).  If this area does not hold, there is a small but real chance of another selloff like last Friday.  If it does hold, we would not be surprised to see a test of the earlier high.