Following recent volatility in the major market indexes, we now see technical damage down to the prevailing uptrend. The S&P has managed to regain its 50-period SMA, but a rollover here would like precipitate another spate of selling pressure. It would also confirm the lower pivot high and the likelihood that we will not see new all-time highs for several weeks.
Note that the Volume Balance (bottom of chart) has been falling off for weeks, acting here as a leading indicator relative to price:
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.