the weekly has down pressures til October 15th.  936 is the next target down.  1144 will start a new move up.

Daily – 2 pts away from the down target of 1064.
pressures fully extended down so next move is likely up. 1097 is the entry price.
the downward pressures turn up August 17th.

Intraday needs to take out the 1081.50 swing high.

This is a difficult market.  the dollar is down, Treasury prices are up/yields down.  Normally, these flows of funds are not good signals for the equity markets.  the S&P markets have  rallied despite all this.  so we can only trade what we see.

“Is trumps Ought”

Monthly/Weekly – both time frames are in a downtrend. a trade above 1144 is the entry price for a new move up.
for now the next target down is 936.

Daily – the daily is in the uptrend within the weekly and monthly downtrends.
while the 1130 high has acted as resistance, the next target up is 1138.
a trade down thru 1095 will signal a new move down.

the quick intraday trade down to 1103 from 1119 was successful,
then a trade up thru 1114 in the last hours on Friday started an upmove to 1126.
a trade down thru 1115 sends the trade down again.

[Update (Wed 10:30amCST): the Tues pm  FED announcement took us up to 1125 – close to the 1126 target – and did not exceed the 1130 high.  the subsequent overnight move took out the short entry price of 1115 and that down move was confirmed with the move down thru the daily entry price of 1096. the next target down is 1064.50]

Trade pressures remain up.  [Wed update: have now turned down]
the downward time pressures turn up in this next week; but are met with a longer cycle downturn in the last weeks of August.

Intraday futures have turned down the day ahead of the Friday employment numbers.

a short entry is triggered at 1119 with a first target of 1109 then 1092.

a trade above 1127.75 will cancel the short trade.

Monthly trade pressures down.  weekly trade pressures pressures are up.
both time frames in downward pressures due to time.
Both in a down move.  1143 will start a new up move.

Daily –
trade pressures are up but extended, and time pressures are down.

still in the move up from 1112 to 1140.

1092 will restart the move down.

weekly time and trade pressures are down.

the Daily 1116 target was met and exceeded by 2 pts.
the subsequent pull back has taken the futures down to the short entry price of 1087.
the downmove  target is 1055.

the trade pressures are down. time pressures are down until Aug 9th.

on a shorter cycle, the entry price for a new upmove is 1112, which takes the futures to 1140.
[Sun PM, already in the new upmove on the 60 minute charts, first upside target is 1108.]

the weekly trade is still down to the next target of 932, but working against substantial divergences.

The daily reflects these divergences in the longer move up from 1046 which was stopped by the 1093.50 target.  the next target up is 1116
the retracement move down started at 1072 with a 1036 target,
but momentum is positive so any break of the 1094.50 high is the key.
trade pressures are up.  time pressures are peaking in the next few days.

Daily – the 1093 target was reached tuesday and acted as resistance wednesday.
next target up is 1115.
1067 is the entry price for a move down to 1036.

upper time frame pressures and lower time frame targets suggest a pull back to the short entry price and a new move up from there.

Monthly pressures are all down.
Weekly Trade pressure are up, the time pressures remain down thru mid October.

Daily –
Time pressures are turning down, trade pressures are up short term.
1048 was the entry price for this move up, next target up is 1093.

a trade up thru 1079 could indicate a further move up after a pull back.
1043 is the new short entry price.

the down move continues.
the February low is getting its third test; the 990 area remains the attractor.

Weekly – hidden divergences in the trade pressures signal a possible move up.  time pressures are up thru the third week in August.

Daily – the 1084 short entry has been triggered and the first target of 1041 is met today.  the next target down is 1014.50.
trade pressures are down and extended.  time pressures turn down the second week of July.

a trade up thru 1060 will start a new move up.

Now in the September contract.

Long term pressures are still down.  October 29th is the end of the downward time pressures.
the weekly  trade is down, next target is 1043 and 1006.  1176 is require to start a new move up.
Trade pressures are up. Time pressures turn up June 25th til Aug 20, then maximum down pressure til mid-to-late October.

Daily – we are in the retracement trade up from 1077 to 1226; while still inside the longer cycle move down.
the previous down move from 1060 to 1015 was stopped at the prior 1040 lows.
1226 was the previous up target and that is met today on the Chinese yuan news. next target is 1144.

trade pressures are fully extended up. time pressure is down thru June 23rd.
the longer time cycle is up thru July 13 and then turns down at the same time the short cycle.

a trade down thru 1084 will signal a new move down.