SPDR S&P 500 (SPY): I have never considered BB (50,2) but I...

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Re: AllTheHype post# 260832

Wednesday, 04/18/2018 1:35:49 PM

Wednesday, April 18, 2018 1:35:49 PM

I have never considered BB (50,2) but I see what you mean in February. Also look at BB (20,2) in March and see how it was mostly horizontal, and SPY was able to breach briefly for 2 days but not close above, before getting hit with a major wave of down.

Not calling for a major wave of down here, but SPY does indeed appear trapped at this level.

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