S&P 500 TECHNICAL ANALYSIS
Prices turned lower as expected after putting in a Shooting Star candlestick coupled with negative RSI divergence. Sellers are testing the 14.6% Fibonacci retracement at 1944.50, with a break below that on a daily closing basis exposing the 23.6% level at 1930.20. Alternatively, a reversal above the June 24 high at 1967.60 aims for a rising channel top at 1982.70.
