Long term is in an uptrend but enduring a correction. various moving averages have given the technicians support areas. Materials and machinery move and the financials seem ready for a bounce.

the S&P —
Long term –
the long cycle is in a long trade to 1209. 950 starts the new down trade to 752. both time and trade pressures are down.
the weekly has been in the short trade since 1079 with a 976 target. it completes a time cycle on the 26th and 1113 would trigger a long entry to 1186.

Daily –
the daily has reentered the long trade at 1072 with the first target of 1102, the recent retracement pivot. this first target will coincide with a moving average, so move the stops up tight near the target. a trade thru 1064 will restart the short trade.