the 1346 target was almost met with the friday high of 1343. a move down thru 1290 starts a new move down.
the long term downward time pressures end march 11th. trade pressures have been fully extended for some time now.

Daily – the move down thru 1329 started this move down to the 1290 target.
this target is the short entry for the long cycle. so expect a move up off the target and then look for a trigger for the next move down.
time pressures are down till mar 10th. trade pressures are down.

a move above 1328 is required to restart the move up, and even then, the recent high will provide significant resistance.