THE TAKEAWAY: US Dollar technical positioning suggests prices are likely to pull back further before the larger advance building over the past 10 months regains momentum. S&P 500 – Prices are testing resistance at 1331.70 marked by the 123.6% Fibonacci expansion, with a break above that exposing the 100% level at 1347.70. Near-term support is at the 1300.00 figure, a psychological barrier reinforced by former resistance at the top of a broken falling channel set from the May 1 high, with a break below that exposing the October 27 swing top at 1292.90. Daily Chart - Created Using FXCM Marketscope 2.0 CRUDE OIL – ... (full story)