Monthly – the 1853 target slightly above the 1846.50 high. pressures extended up time cycles pressing down.

Weekly- near the 1851 target. pressures up. the short entry price for the weekly is 1781.

the prior short entry was taken out with the new long entry at 1831.
the old high was tested and now the new short entry is active.
the Daily trade is short from 1825 today.

the next target down is 1796 which will take out the recent 1810 lows.

>>>>>>>>>>>>>>>>

[update Friday Jan 24 close] closed well below the 1796 target.
next target down is 1759, where buying should come in from the shorts covering.
Then the next move should start after some consolidation.

the next target down after 1759 is 1705.

Need a close above today’s high to restart any new up move.