Encountering resistance...

On the Monthly Level, our first target for a turning point is March, that is reinforced by also a Directional Change Target with the opposite trend implied thereafter into May (NOTE: this can be intraday or on a closing basis).

The strongest target in the Monthly array is March for a turning point ahead, at least on a closing basis. We have a Monthly Directional Change target due in March. This lines up with a turning point so in this case we can see at least an intraday event, or a turning point based on the close. Our volatility models also target this date as well. Don't forget, a Directional Change can also be a sharp dramatic move in the same direction, not just a change in direction. It does appear we have a choppy period starting February until March with each target producing the opposite direction for that 2-month period. Thereafter, we see the next target coming into play as July until August with again each target producing the opposite direction for that 2-month period. Additionally, we have a choppy period beginning October until December with each target producing the opposite direction for that 3-month period. The key target during this period will be December.