Monthly – the 1853 target is acting as resistance.

Weekly – the next target up is 1897. the move down will be confirmed with a move below the 1797 level.

Daily – the daily trade is still long, but the high of friday tested the 1864 target and pulled back.

the short entry is nearby at 1840. if triggered then the target is the 1800 level.
pressures are extended up {overbot} and need some time to resolve.

These projections based on a time series may seem a bit arcane.
But if one thinks of the price action as embodying the information held by, and the decisions made by, the market participants;
then this price action can be thought of as a derivative of fundamental information flow.

the index cycles roughly correspond to the quarterly information flow.