SPDR S&P 500 (SPY)

[loanwolf]

Well UDUDUDUD and rock skipping inside the tight BB is what it is doing now.

I tend to agree with you on "move coming" thought we'd haveit by today at worst case tomorrow.
SPY seems very comfortable just parking herself up here tho in this range.

I've never seen my 134 construed BB this tight before except for maybe back in September of 2014.
In that case is shows a jerk up off the bottom BB (basically where we are today) and a pierce above upper BB, then about a 20 point drop from there.

<edit>the more I look at this 2 year chart of SPY I notice that the indicators I use are in a very similar pattern and elevation. Not sure if that will mean anything cept I"m feeling a little better about the wide strangle I'm currently bag holidng.

We can see this on chart below:



PS if you throw the rock hard enough and at the right angle you can get un upwards trajectory "skip" as well that eventually falls from grace.