S&P 500 Index after making a new high has now started showing some weakness. RSI 14 Negative Diversion is clearly seen on Daily Charts.

Price action at the top also suggesting that Bears are taking charge.

For Short term, I’m expecting that Price should retest the support zone of 2400-2360 levels. One can go short below 2430 with SL 2455

Below are the charts for your reference.

S&P 500 Line Chart Daily
S&P 500 Daily Chart

On Weekly Charts, There is a rising wedge and RSI 14 Negative Diversion too. A chart is below for the reference.

S&P 500 Weekly Chart

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