The September contract is now the most active ES contract.
After a negative employment claims number came out at 8:30 the market dropped 7 points and then began an uncorrected rally to 1071 (so far). This is almost a complete retracement of yesterday's drop and comes after negative news (no positive news of significance has come out as far as I can tell). Such action is very bullish and makes me think my range estimate of 1030-65 for the September contract is way off base.
So now I am thinking in terms of a 1060-85 range for today. Reaching 1085 would be a breakout above yesterday's high and would also break the pattern of 30-40 point reactions. Such action would cause me to abandon my downside target of 1000-20. It would mean that the move to 1300 and higher has begun.