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.
I think it is in no man's land right now. Could snap back rally back to the 42 area or head straight to the 32 area. Either way it's gonna gravitate towards one of those. I'd look to get long at 32 and short at 42.