Trend Day Down

Still no buy signal in sight off the higher timeframe charts. 8min SAR shows no reversal as of yet. Initial target is 1277.00 to 1272.25.

We are developing divergence on this last move down into 1278.00 low. Possible bounce for profit taking.

The 15min. chart gave a warning of a big move up off the 1278.00 low. Good place to exit any longs.