Stochastics and the RSI are diverging but are turning bearish signaling that sideways to lower prices are possible near-term. If September renews the decline off July's high, the 62% retracement level of the April-July rally crossing at 81.02 is the next downside target. Closes above the 20-day moving average crossing at 82.56 are needed to confirm that a short-term low has been posted.
First resistance is the 10-day moving average crossing at 82.40.
Second resistance is the 20-day moving average crossing at 82.56.
First support is today's low crossing at 81.47.
Second support is the 62% retracement level of the April-July rally crossing at 81.02.
