SPY broke below the 207.69 support (June 9 low) to suggest near-term topping and open the 206.76 support (May 6, 2015 low). Below there would form a two-month top and expose the 204.12 low (March 26, 2015). The gap high at 209.39 (June 26, 2015 high) should cap bounces.
Outlook:
Short term: bearish
Long term: neutral
Outlook:
Short term: bearish
Long term: neutral
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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.