In yesterday's note it was pointed out that the daily chart should be monitored for wave 5 completion. At this point that would take a move below the 1271.26 level. Perhaps not surprisingly this is very close to the other level of importance derived from the weekly chart work yesterday - 1271.5.
The daily price pulse chart would signal an early warning of a possible trend reversal should we break the current beta -x trendline shown on the chart above.
Bottom line: As of now the daily chart, like the weekly and monthly, remains in a bullish position.
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