The SPY ROC will go down and down until fed mtg 3wks from today.

Sep will be a – ROC month. July was a +4 and August a +3 so reversion to mean brings spy to a -.  Also the month of a fed rate rise is bad for SPY.

Also falling inflation for the first time in 4 months…

AND

USD macd black line getting ready to cross the red line…