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On a higher timeframe basis: I cautioned on 8/16/18 the break above $1,179.7-$1,183.7 warned of renewed strength. We have seen $905.5 of this. This is ON HOLD. We held major exhaustion at $2,071.6-93.2 with a $2,089.2 high and rolled over $412.8 into the macro bearish correction warned about. The decent trade below $1,879.3 projects this downward $24 minimum, $76 (+) maximum. We attained $111.4. I warned we will likely have to contend with possible exhaustion areas on the way down at $1,804.0-767.2 and $1,740.4-29.1—we held the upper of these with a $1,767.9 low and bounced $30 before rolling over to test it again. On a lower timeframe basis: The decent trade below $1,908.5 brought in $140.6 of pressure. The break below $1,897.6-6.5 (-1 tic per/hour) brought in $128.4 of the pressure warned about. The decent failure below $1,806.1 (-.5 of a tic per/hour) has brought in $38.2 of the pressure warned about below before holding the exhaustion at $1,772.6-67.2.
