SPDR S&P 500 (SPY)

[risk on]

spy failed to close above that R line from yesterday ( 270.5 apx ) , which is actually the point it gapped down from in mid March to start last mini sell off . It also failed to break through the upper B.B. (20,2,2) , as you were saying, not to mention a doji type candle w gap up , AND MOST oscillators are all at or near levels seen just prior to February snd March ( last mini sell off ) .

What does all that mean? It still means spy can do whatever it pleases, but w price this far above 9 ema and the plethora of circumstance laid out above , we “ should “ see a touch of the 9 ema , at least.