#Semiconductors vs $SPY has broken its rising channel and retested it from below on Jul 30th.
This is a bearish setup going into August
#ES_F $NQ $SPY $NDX #MarketCycles $TRUMP $NVDA #Stonks #VIX #StockMarket #SPX500 #DowJones #YM #NDX #RTY $IWM $QQQ $DXY #Dollar #TheTradersRoom