Hello Dewey and Tim, Hope all is well...

We did close below the previous session's Intraday Projected Breakout Resistance indicator which was 11591 settling at 11106. Nevertheless, this market closed above the previous session's high warning it is not yet rolling over. The current Projected Breakout Resistance for this session was 11291 which we still closed below. The Projected Breakout Resistance indicator for the next session will be 11360. Now this immediate indicator in the current trading session is above the current close offering projected resistance. Therefore, we either must open above it and hold or close above it to imply the rally is still in play. Otherwise, failure to exceed 11360 during the next session warns the upward momentum may be lost and a retest of support becomes possible.
Currently, we have not elected any Daily Bearish Reversals from this new high of Friday February 6th. . Moreover, our Daily Bullish Reversal to watch stands at 11350 and it will require a daily closing above this level to signal new highs lie ahead. This rally elected all the Daily Bullish Reversals from the low of Tuesday January 13th. We need to exceed the high of 11376 on a closing basis to push this rally further.
To date, this market has elected one Bearish Reversal from the last strategic high established 11/17/2025 suggesting a pause in the uptrend which began 08/04/2025. Since that high, there was a reaction high on 12/22/2025 that reached 10824 from which we also elected 2 Bearish Reversals suggesting further weakness ahead. From a speculative perspective, basis the Reversal System, we are currently hypothetically long 5 positions at this particular moment on the Weekly level. The next Bullish Reversal on this trading level stands at 11790 which we would have to close above to warrant adding another long position. There is gap above the market between 11790 and 12580 which is 6.70%. This market is still under pressure recently and presently trading up year over year about 3.29%. Projected technical Support tomorrow lies at 11121 and 11141. Naturally, opening below this area will cause it to become resistance.
Projected technical Resistance stands tomorrow at 11265 11299. Keep in mind that these targets can provide intraday resistance or closing resistance. Opening above this area will cause it to become support. On the Daily Level, this market has been finding some support and will remain positive if it holds 11132 intraday trading last at 11224. The market also has underlying support resting at 10632 right now.