Replies to post #209278 on SPDR S&P 500 (SPY)

[loanwolf]

Agreed, monthly candle still looks strong but as we both know, month is not over yet til after next week.

[loanwolf]

I think for now, a lesser time frame during consolidation period is a decent guide on direction and oscillators are of better use.

15 min chart in reference to about past 7 days of consolidation below:


SPY 15 min range:


SPY Daily Upward consolidation bias: