11:38 am EDT:  On its initial decline, the ES stopped short about two points of the daily S1′s, which were in the lower end of the projected range.  Concurrently, though, in the cash equity indexes, the corresponding levels were respected very closely (see below).  The ES has now rallied nearly to the upper end of the projected range, which is 1071.00 to 1072.50.  The Dollar is strong and the EuroYen weak, but US equities are rallying in the face of this.  Accordingly, there is still a possibility of a run to at least 1079.00, with the probability increasing the longer the ES remains in the upper range.