The inside price bar and down close on Friday have set the bulls up to qualify a break of the TD Supply line (shown by a downward sloping red dashed line on the chart). That line stands at 942.97 this morning. If broken and confirmed it projects to 1020.56! Any price above 943.96 this coming week will confirm the break on the weekly chart (see Sunday‘s post). In my cycle work a break above 956.23 (June 11 high) implies a rally that lasts at least to the Autumnal Equinox.
My bearish view will be abandoned on a move above 956.23.
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