mini S&P 500

There's a potential buying opportunity in the ESZ2 contract.  The current downward move from the 9-14 high has been very weak.  The dominant structure was a double top, 2nd level supporting structure with a deep retracement, followed by 3rd and 4th level supporting structures with neutral deep and double top retracements.  Weak downward moves can create very good buying opportunities around fib extension combos (261s, 361s, etc).  The first buy zone is 1347-1356.  This is the 261 combo zone supported by a monthly S2 pivot.  The second buy zone is 1325-1333, followed by the third buy zone of 1302-1313.  I don't expect this market to trade below 1290.00.  The most recent move down from the 11-7 high @ 1431.75 has been strong.  This is preventing me from buying at zone 1.  I 'm going to play it more conservatively and look to get long near buy zone 2.  I'd like to see some signs of this latest move weakening into my target area.  Some other factors to mention: longer term chart looks bullish as long as the swing low of 1250 holds, the RSI has a downward sloping trendline that needs to be broken for this market to rally, we are looking for a bullish MACD crossover, and finally this market is in a seasonal bullish time.  This market typically rallies mid Oct into year end.  To recap, I see 3 possible areas for this market to bounce to retest recent highs.