Wait, do I understand this correctly: You sync your dropbox to S3? Do you overwrite your previous daily when you do so?
And yes, I might have daily-monday / daily/tuesday.... and so on, and it would work better, but this way works for me. There is a lot of room for improvement, and it is not hard to implement with cron-jobs and more buckets.
Let's say your data loss occurs on the Sunday, 31th of a month at 23:55 and then gets synched across all your S3 backups (or it could occur at some point before that but you don't notice it). And poof goes your data.