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.