SPY Poised to Fall Short of $770 on September 8

SPY will fail to close above $770 on September 8. A close at or below $770 will leave the ETF near its September 4 close of $770.19 and interrupt the S&P 500's 12.54% year-to-date advance as of September 8. That outcome will keep SPY well short of the $777.88 all-time closing high from August 13, 2…