S&P500 - About time for a proper retracement??

2021年7月15日Am just looking at my panel of leading indicators, and besides the S&P500 ES1! daily chart looking a bit stalled with MACD turning down, the Russell2000, DJ Transports and Value Geometric Index are already leading down. Key levels to breakdown are in red circles.
Some others like the High Yield Bonds and TIPS are still holding; while the Treasury Bonds are being snapped up (Risk Off mode)
Volatility is low, waiting for a breakout.

Looks like a storm is brewing...