Replies to post #209276 on SPDR S&P 500 (SPY)

[risk on]

Which WOULD, COULD , SHOULD, play an important role in the formation of the monthly candle , the upper BB touch, we've already got in place, the OB condition would still be in place, leaving a long upper wick and smaller body on the monthly could be huge.

But, in large part all those forward thoughts depend on TODAYs trading and how it affects the weekly.

[Scripo]

Maybe someone can explain this to me. How do Moving averages 9 and 20 point up like the chart suggest all the while volume has sloped down on weekly basis?