Measures of internal velocity have been downtrending since the April high. Eastern posted a link to a audio file of high-low deceleration @bamtrader. Other weekly measures have been downtrending which invalidates the current rally as a new bull. Once stat I follow is insider trades which have downtrended since then.
Back to the current situation. Retracement rally has returned to SP futures resistance. Downtrendline and 3 M/As should protect the downtrend.