China slowdown and the european union financials being impacted by smaller countries sent the dollar up and materials down. Did see a bounce at the end of the day on friday creating a doji.

Long term –
weekly has triggered the down trade from 1079. next target is 976. a trade back thru 1124 will be needed to restart the up trend. 2-26 is the end of these downward pressures.

Daily –
The entry for this down trade was 1081. the next target down is 1021 and 1005. 1072 will start a retracement up of this move down. again 2-26 is the daily cycle end. but need to take out the 1101 high of the recent down leg to get the buyers committed.