Long term –
we have traded down to the 38% retracement of the 2007-09 downmove. 1016 seemed to act as support. 1243 is the 62% target. buying pressures are still up but extended and the weekly is showing divergences. While we remain in the longer term upmove with the next target of 1087, 1005 is the entry point for a move down to 938.

Daily –
the short entry of 1055 has tsaken us down to and thru the 1021 target. we are now retracing that down move. 1065 is the entry point for a new move up. selling pressures remain but showing divergence.

Intraday –
buying pressures extended up. the end of this upmove is 1061.25. 1039 will start a new down move to 1025.