Replies to post #210904 on SPDR S&P 500 (SPY)

[imiloa]

agreed conceptually, but look at:
4/13, 4/18, 5/25, 5/27, 7/11

every time SPY ran up to/through the upper BB
it was higher 2-5 days later.

and that's not even looking at the feb/march rally bonanza.

[Scripo]

On Standard BB setting 20 it was 4 pennies shy of upper band pierce. A pierce on a flat to sloping downward band we would have sold off imo. every time price is getting close its getting pushed back.

Correction with this last 5 min Red candle the upper price is piercing the band.
Interesting that selling pulled the band down for a pierce as opposed to buying past its limits. I guess we wait for the booking candle.