SPDR S&P 500 (SPY)

[loanwolf]

All depends where we interpret and draw our lines I suppose, lol

I'm looking for bounce here near term, hourly chart seems very orderly rise, 15 minute showing a bounce area as stochastics on this time frame is more oversold than recent.
I'd like to see what hourly chart does here off the 33ma

There's some conflict among time frames here so perhaps we have an initial rise or gap up tomorrow followed by beginnings or continuation of a down side correction. CCI breaching 100 to downside on Friday was first signal for that

In review, I can only concur with "no one knows for sure " ,

SPY Hourly Channel


SPY "10 Day 15 minute zoom in":



SPY 15 minute chart 1 month