The long term Hurst cycles are turning down.

Long Term –
the 1142 target was met. the next up target is 1162. 1077 will restart the down move. as previously mentioned before the downward pressures are in force til the first weeks in March.

Daily –
we are in the latter part of the cycle ending Jan 22. the next target up is 1162. the down move today has taken the index close to the 1126 Entry Price for a correction to 1114 and 1093. However the intraday downside target was met near the close so expect some retracement up from that level.