SPY Will Fail to Clear $800 and Stall Rally

SPY will not close above $800 on August 12. The ETF was trading around $770.56 and was down 0.32% as the S&P 500 index fell 0.32% to 7728.20, leaving the benchmark short of a big round number. Major technology names drove the weakness, with Google plunging 3.84% and Amazon declining 2.09%, while th…