Watching levels 1265 to break 4hr timeframe triangle then up to 1280 and possibly even 1297. Expecting things to go south from there however, back down to 1244 and then 1200. Lower lower boundary shows 1080-90 target, but I expect some side-ways ranging before we get down to those levels.
Short position from 1260 ish down to 1200 if we get the right bearish signal.