NASARAVI - "Are U expecting 1 more new low before we go into phase II on the daily" short answer NO
The Daily price is above the LTL, also the PPO has made a bullish cross, the EMA 3/8 is getting close to a bullish cross.
So I believe the Daily cycle low has been put in.
Currently the Daily UTL is at 1202.13
JMHO, Lindy
"Buy low, Sell high, stay with your system. If your system breaks fix it."