lower opening on Wednesday.
Stochastics and the RSI are diverging but turning neutral to bearish signaling that sideways to lower prices are possible near-term. If September renews the decline off July's high, the 50% retracement level of the April-July rally crossing at 81.64 is the next downside target. Closes above the 20-day moving average crossing at 82.67 are needed to confirm that a short-term low has been posted.
First resistance is the 20-day moving average crossing at 82.67.
Second resistance is the reaction high crossing at 83.61.
First support is today's low crossing at 81.80.
Second support is the 50% retracement level of the April-July rally crossing at 81.64.
