Monthly – Trade pressures have turned down but are still up.
volume is bullish.
a close below 1830 will signal lower.

Weekly – trade pressures are down. volume is bearish.
the Friday close below 1945 has signaled a new short entry.

Daily – trade pressures are down. volume is bearish.
the trade is short from 1990, the market first traded down to the 1955 target and tested that for three days.
then in two days dropped to test the 1919 target.

The rally Friday a week ago was enough to trigger a new long entry at 1948 which touched 1971 which was moving average resistance.
was quickly stopped out with the new short entry of 1949.
the next day rally was not enough to stop out the short trade and Thursday and Friday of this week saw the test of the 1911 short cycle target.

Then the spike downward at the Friday close toward the august low of 1862.

The next target down is the pivot low of 1862 and then the target of 1859.
This 1859 level would represent a 9% retracement from the 2014 high of 2014.

Large Caps Intel and Schlumberger report next week.
Absent external and international pressures, these could produce good news.

need a close above 1924 to signal a new trade higher.

[10/12 Sun Nite futures at 1880, testing the August lows.]

[10/13 Mon closes below the August Lows.Next target is 1859/1815 on the futures. the SPX target is 1829]