CosmicDust

SPY monthly - 7/31/2015

AMEX:SPY   SPDR S&P 500 ETF TRUST
spy
This is how it looks for the end of July: long term trend line broken and now may be a resistance, 10 month MA still holds; RSI is bouncing up from the pink support but below two important resistance lines (so far); MACD is rolling over and forms a downslope now. Overall impression is still safe to hold but no new money until a convincing breakout, if ever. The longer it cannot breakout, the greater the downside risk, who know what event can trigger a big panic.
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