Sun Nite @ 764.50

have touched the downside medianline on the long term charts.  just below that support line is an old unmet target of 716.  still need a  monthly close above 916 to begin a retracement up. a 20% rally from here still doesn’t get a retracement started.

trading as before, sideways, between the 738 low and the 943 weekly high.

Daily – trade direction is down and is oversold. longer cycle up and shorter cycle down, selling pressures over extended.  next target is 745. need 803 to start the next move up.

inside a short trade to 755 intraday. tried a late day rally on friday and had no follow thru.  the trade thru 768 starts a  long retracement to 785, 752 stp (if selling comes in at the friday high move stop to breakeven…. ) but have to wait for the selling pressures to complete, perhaps overnight, before entering the trade.  a 10:30 CST cycle end monday morning may be important.