Next level is 1180 .
The hourly 300 and the 61,8% on the is at 1180.
It's still not the daily cycle low. So don't try to buy. More pain is coming....
I will try to sign the exact daily cycle low, which is coming next week .
I still think we are in a market and this is the first market countertrend rally.
We are waiting for the second leg up to 1300-1350.