HerdMentality1

Intermediate Term SPY uptrend broken

Short
AMEX:SPY   SPDR S&P 500 ETF TRUST
spy
Break in a 2 month uptrend on SPY. This will most likely support lower prices in August all the way to 192. There is also a breakaway gap that is unfilled at 190.50. I would look to get more aggressively long there.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.