Hi Tim,

It looks like the market needs a strong move up here in this 2nd Qtr.. You can see on the top line of the array for the Jul Qtr., with that pink bar, that is telling us, along with the green trading cycle, that it should establish a high for that Qtr. Three bars up... a fourth bar would be super bullish. It does have another directional change with the top line and the red trading cycle, for a continued move up in the 4th Qtr. That large green bar on the trading cycle in Jan should be a strong move... up or down. I've seen these large green bars like this indicate a strong move up. If we don't move up too high in this current Qtr we are in, then maybe we don't move down too far, to set up the move up into Jan. Getting over that first projection line would push it up pretty fast for a major top formation. It's kinda important to close over a green line here... if not you will see it test of support, but we don't have time and price meeting so I don't see it as a major move down yet. It may still be worth trying a hedge, just to add up ticks... being we are at a quarterly bullish reversal, and it could turn into an extended decline. If Oct is a reaction to July then we may have a large move down into Jan. I'm thinking the geopolitical nonsense may just turn it into a continued rally into 2027