I have been holding on a possible bullish outlook for YUM! Brands $YUM because price was still above the 200-day simple moving average and a rising channel support. That is no longer true.YUM Daily Chart(click to enlarge)Breakout:- As we can see on the daily chart, price action during the 6/21 session broke below the rising channel and the 200-day simple moving average. - It looks like price action has shifted from bullish to at least neutral, and within this neutral context, there is some bearish bias in the short-term towards the $76 pivot. - This bearish outlook becomes more likely if there is a rebound but resistance at $80.