SPDR S&P 500 (SPY)

[Newly2b]

really not seeing a preponderance of evidence to sustain the trade I'm in, other than the eve star , the upper bb touch, and oscillators being Max OB.

Add to that volume has been generally declining over the past 12 months, and since the February bottom the candles' real bodies are mostly smaller, indicating a tighter trading range. So, the question is, are your reasons for entering this trade negated or still in effect and is the time left to expiry sufficient to accommodate the move you anticipated?

Agree on oscillators -- they offer confirmation of other things to some extent, but can remain OB or OS for a very long time. I haven't looked at your 9 and 27 EMAs, but do watch the 105 EMA intraday which seems to align well with horizontal S/R and that provided by the candles. . .

I must say, I admire your guts in trading such long timeframes. I find it difficult to determine market direction in the less-than-Daily timeframes I trade, nevermind doing it on the Weekly or Monthly.