The S&P 500 filled the upside gap created on May 27 between 1074 and 1068
and remains below the 200-day moving average. Key support to watch remains
1044.50– a close below this level would indicate that a deeper correction
is likely to test support near 1000-950. The point and figure sell signal
counts down to 920, but this level would hold an important uptrend line on
the point and figure chart. This break would also indicate to us that the
1300 level would likely not be achievable this year.Re
