The weekly is in a downtrend and the daily is in a move up inside that down trend.
the daily is above the moving average.

weekly time and trade pressures are up. the weekly target down is 1242.
a move above 1340 is the long entry to test the recent highs and then 1478.

the daily is in the long trade up to 1431.
a close down below 1320 would signal a test of the recent lows.

[BAC update: traded above the long entry price of 7.93.  in a pull back toward the 7.42 moving average.
expect the second time thru should start the move up.]