SPDR S&P 500 (SPY): On Standard BB setting 20 it was 4 penni...

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Re: risk on post# 210904

Friday, 08/05/2016 2:39:54 PM

Friday, August 05, 2016 2:39:54 PM

On Standard BB setting 20 it was 4 pennies shy of upper band pierce. A pierce on a flat to sloping downward band we would have sold off imo. every time price is getting close its getting pushed back.

Correction with this last 5 min Red candle the upper price is piercing the band.
Interesting that selling pulled the band down for a pierce as opposed to buying past its limits. I guess we wait for the booking candle.

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