Wed Nite @709.

we are eight days into this down leg. we have met long term downside targets. expect consolidation, then look for the next trade.

the next down side objective is 672/618/590.  this down cycle ends 3/18.  need a trade above 731 to start a retracement of this down move; then first upside objective is 782.  buying pressures turning up and price divergences showing at these lows.

the intraday up move stopped exactly at the median line and the short cycle target, a trade down thru 699 creates the price objective of 674.  a trade thru 716 restarts the uptrade to 727/732.