Overall bias on the monthly is a decline to 998.15 level. bearish channel on the daily also, about to retest the downward trendline on the hourly so this would be an ideal place to get short once you have bearish confirmation of the fourth retest. my initial targets are the 1215.20s then i believe we will bounce between this level and retest the lower highs at 76.4 retracement for a short while creating a head and shoulders pattern on the daily timeframe. only leading for more short action