S&P showing mixed signals in 2nd half of July. Price trend up but the MACD is on the weak side of its trendline looking negative, and RSI is near the top of its usual range, indicating not much upward movement left. In 6 of last 8 years, August was a poor-performing month for S&P. 2 trendlines show support with a 2.3% drop and 4.7% drop from here at 4355. The 200-day support would be at a 10% drop in S&P. These are some parameters you can use on a index-level analysis. Once earnings season wraps at end of July, barring a cure for cancer, signals point to some type of correction before Labor Day weekend.