I had posted a while ago the expectation of a high weekly cycle anytime within the week ending July 4 and the week ending July 18th. This shorted week is a DOJI in the weeklies bar; it opened at 15195 and closed at 15190(settlement). Candlesticks theory says that after a rally a DOJI appears, most likely the market will head on the direction it opens next week. I see in the weekly stochastics the market still have room to move higher although it alreday is within the time frame for the high cycle but need confirmation next week.
The 7 day MA 15325 has been breached for the first time in approximately 13 market days closing below it at 15190. The next target is the 14 day MA which lies today at 14805 and by Monday it should be in the low 14900´s. The 7 month MA lies at 14690.

Nagual1