The Trend is also part of the Break and Extend Pattern from the MAY lows into the June lows.
S&P Monthly and Weekly cycles
Trend bias is down into 1249, as part of the break and extend pattern from the MAY lows.
This is matched with the June lows in the monthly cycle and also the 2nd Quarterly 50% level.
Weekly cycles :- keep an eye on price trending above 1282, this could attract buying towards the Weekly 50% level, but only if hits the lower support levels beforehand:-
