SPDR S&P 500 (SPY)

[risk on]

Spy opened right on the mid BB and currently has a pivot ( Doji like ) candle forming , should that remain we could see a pivot up over the next couple days, but the BBs are drawing ever closer , as are the lines of note , and this is something I expect to continue within the recent established tight range , until it breaks. I think we could see a deke move over the top of that range , but it will be a very quick move, maybe just one candle, then I expect the big break to be to the down, and again could this scenario could take ( days - two weeks ) possibly to play out.