1. 11900 is the recent support, and now the floor for a pattern clearly forming
2. 12900 is the key ; that is the high of the 'left shoulder', and the floor when prices were trading at the 'head'. If a 'right shoulder' forms, 12900 could act as the resistance.
3. Timing wise the cycle peak of the 'right shoulder' conveniently coincides with the 5th May - a key date historically, as its the start of the worst 6 months seasonally!
I'll be watching for a negative crossover on the at the end of April...