The lesser charts were transformed into rubbish by last week’s price action, but we can still use a vague midpoint support at 1182.80 to warn of the next bout of pseudo-weakness. Its breach on a closing basis would portend possible additional downside over the near term to 1161.70 — one downside target among many at this point. Alternatively, an upthrust today touching 1207.00 would put bears mildly on-the-run.