Long term – remain in the uptrade with the next target of 1162 still unmet. the trade down thru the lower of the prior week has put us near the EP for a short trade at 1079 which would activate a target of 976. 976 is just above the longer term monthly entry of 950. it will be very unpleasant there; if we are long or short.

Daily – as previously noted, the 1126 trade trigged short selling which quickly met two targets. the next target down is 1077. however the indicators would suggest prudence as a bounce next week would not be unlikely. a new uptrade would be signalled at 1119.