A selloff Tuesday through notable 2935.75 support for a small topping pattern, to reinforce negative pressures from last Fridays spike and notable intraday setback from a new all-time high (2969.25), to keep the bias for a correction lower into Wednesday.
The latter June surge above 2943.25 set an intermediate-term bull trend.
We see a downside bias for 2915.25; break here aims for 2910.25 and 2903.25.
But above 2942.5 opens risk up to 2958.25 and maybe towards 2969.25.
Intermediate-term Outlook - Upside Risks: We see an upside risk for 2967.75.
Higher targets would be 3000.0 and 3033.75.
What Changes This? Below 2871.5 shifts the intermediate-term outlook back to neutral; through 2808.0 is needed for an intermediate-term bear theme.