the cycles have been projecting 1209 for some time now, for the longer term cycles.

the weekly long entry point of 1113 was met three weeks ago and we have enjoyed a nice rally, as projected. the next target is 1186. a new down move will be triggered by a trade below 1095.

the 1072 entry point of Feb 12 as resulted in a very nice rally to the projected target of 1162. the next target on the upside is 1181, but I first expect some consolidation and a possible retracement to 1140.

trade pressure is extended and the time pressures are down starting today.

a trade below 1138 will start a correction with a first target of 1111.