
The S&P tells a similar picture to the Dow; its downward projection is around 1,339. The Nasdaq is in battle royale between the 200-day MA and rising support connecting Mar-Apr-May lows - no clear winner yet:

Volatility is on the rise, favoring further short term weakness. My earlier assertions look to have played themselves out:

Dr. Declan Fallon, Senior Market Technician, Zignals.com the free stock alerts, market alerts and stock charts website