basic SPY weekly with 15,2 BB and several %B settings -
* nothing bearish is yet evident since early May 2018 ... pullbacks toward the 5-week sma OR toward the 15-week sma
have been bought
* the weekly 15,2 %B not actually tagging the 1.0 line at this July SPY price high (weekly close) is a negative for the bullish case, and must eventually tag the 15,2 upper Bollinger Band again and hug the upper BB for a period of time for a lasting bullish case to be cemented
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.