Monthly...pretty easy to see the demarcation at 90. Been above 90 for 33 months missing, so far, a good opportunity to get back below in the 90 at the halfway point between 30 and 45 at 33.75. However, October is still available to get below 90 within the 33.75 month time frame. If, on the other hand, price climbs back above this months high in October, that will likely be a turn at a halfway point in time. I would say a close next month above the 93.75 point would validate the turn.

Notice that price never touched 90 on this down draft,indicating some strength, that has lasted 7 to 8 months. 7.5 is half of the 15 month cycle. from the top at 120(not marked) until this month has been 187 months. 7 months past 180 months(15 years)...October would make 188 months. Duh. The time cycle of 187.5...7.5 months from the 120 top is the more major current time cycle. That means the top this last down move came from was 180 months from the 120 high in '02.

In early 04 and late 05 there were a couple of tops just above the 90 at 91.875...providing support for this stopping point.

This all may mean bubkiss but given the nature of these things to turn at geometrical time points...it's a good place to expect something.