while the long cycle remains in the trade up to 1415,
the weekly trade pressures are down and the time pressures will turn down the 4th of July.

the daily cycle has been in the trade down from 1349 and is at the 1313 target today.
trade pressures are down and time pressures are down.
the next target down is 1300.75.

short term – could have a bounce back to 1330, if a trade up thru 1318 signals.

the longer term time pressures are up thru the 4th of july then down into october
trade pressures aremain u but showing some divergence.
while still in the longer cycle move up, a trade down thru 1321 would signal a lower market to 1243.

the Daily is already in the trade down from 1349 with the next target down at 1313, with multiple levels of support at the 1325 level.
again seeing the divergences that could indicate a move up, albeit short lived.

daily time pressures are turning down next week. trade pressures are still down but diverging.
a trade up thru 1345 could signal a trade up to test the recent highs.

the projected high for this market move is 1560. but a pull back comes first.
we have traded thru the short entry price of 1349 today. the next target down is 1313.

need a move up thru 1357 to test the recent highs.
the time pressures are up thru May 16th.  the trade pressures are down.

the early morning futures are well above the 1314 long entry price. next target is 1337.

a failure to take out the April 1st high keeps the short trade alive.
the downward time pressures remain in place til May 3rd.
trade pressures are up.

the time pressures are down til May 3rd. trade pressures are turning up.
the 1288 target was met on the move down, the next target down is 1277.
a move up thru 1314 starts a new move up.

have traded down thru the short entry.

next target is 1276.
trade pressures are down and time pressures are down thru May 3rd.

need a trade above 1329 to restart the move up.

futures have traded to 1338. two different long term projections have 1341-1345 as targets.
a break above these creates a new upside target of 1565.
on the long term charts, the trade pressures have made a reversal back to “up”.  time pressures are now up thru June.

Daily – trade pressures are turned down while time pressures are up.
a 1312 is the entry price for a move down, first stop 1288.
[the Japanese report of another 7.4 quake sent the futures to 1322 in 15 minutes]

a breakout above the 1338 high should go to 1349.75.

the dollar index is likely to be the driver, a move up in the dollar should cause a sell off in the tangible assets and stocks.
the metals are stalling here, European euro bears watching.

the move up on the daily cycle is happening within the longer term down move to 1208.
the long term time pressures are down thru May 20th. the long term selling pressures are still intact.

The shorter daily cycle is in the uptrade from 1285 to 1329.
a trade below 1289 would start a new move down.
daily trade pressures are up. time pressures are up.

 

the move up on the daily cycle is happening within the longer term down move to 1208.
the long term time pressures are down thru May 20th. the long term selling pressures are still intact.

The shorter daily cycle is in the uptrade from 1285 to 1329.
a trade below 1289 would start a new move down.
daily trade pressures are up. time pressures are up.

the weekly time pressures are up, trade pressures are down.
in the down move to 1208.

the daily is also in the down move to 1211.

this short term move  up from 1285 to 1329 is a correction in the move down.
trade pressures are up. time pressures are up.