The US Dollar may be carving out a topping chart formation, though confirmation is still pending. The S&P 500 is treading water below a familiar resistance level. S&P 500 – Prices put in a Bearish Engulfing candlestick pattern below support-turned-resistance at a falling trend line set from mid-April, hinting a move lower is ahead. Initial support lines up at 1292.90, with a break below that exposing 1265.30. Trend line resistance is now at 1328.50, with a break above that targeting upside barriers at 1357.40 and 1392.10. CRUDE OIL – Prices put in a bullish Piercing Line candlestick pattern above support at 81.07, ... (full story)