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(6/28/14)
Next week will be a short week due to the July 4th holiday and
Monday is the end of the 2nd Quarter. The VIX is developing a
potential Inverse Head and Shoulders pattern so I would expect increasing
volatility in July. Also since the VIX and S&P 500 typically move in
opposite directions if the VIX does rise in July that would lead to a pullback
in the S&P 500.  A longer term chart of the S&P 500 shows that it's near
the top of its narrowing upward channel using a log scale. If a pullback
does occur in July support looks to be near 1900. 
Amateur Investors
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