the weekly had traded down thru the short entry of 1298.75 to a low of 1252.75.
and is now in a retracement up. the next weekly target down is 1229.50
the long time cycles are up until the 22nd of July.
trade pressures are up now.
the daily is in the trade from the 1285 long entry price to the 1333 target.
the market responded to the end of the downward time pressures on june 27th and has been up since then.
time pressures are up until the 17th of Aug. but will be influenced by the weekly downward pressures beginning July 22nd.
a trade down thru 1287 will restart the move down to retest the recent lows..