Trying to be aware of any change in the pressures on the different time frames. The volatility has increased which has generated  some large swing days.  Sellers seem to have the upper hand.  But, for every seller someone is a buyer.

Monthly – Price has closed below the 3 month moving average. Trade pressures are still up but have lost momentum. And for the first time is many months the volume is bearish.  2191 remains the upside target. the monthly short entry is 1869.

Weekly – For the last three weeks prior to Fridays close, price has trade down thru the short entry price for the weekly but closed above; until Friday’s close. The weekly has confirmed the short with the close below 2016.

Daily – has been short on the three month cycle from 2042.  The trade has met the 1978 target. The next target down is 1964 and the 200 day moving average.  Could have traded the counter trend retracement trade off the January 19th low at 1970 at the 2001 long entry back to 2048, but this is very choppy and the trend is down.

Trade pressures are down. Volume is bearish.  Need a close above the 2035 to start a new move up.