Replies to post #52885 on SPDR S&P 500 (SPY)

[learningboutinv]

Rab, it looks like we have just been in a trading range since 12noon today. Consolidation.

FWIW, the uptrend line from Friday 6/13 on the 60min charts for the QQQQs has been broken to the downside today around ~12noon. So if I were trading, I would be short as well because that is now the overall trend at the moment. But I just wanted to say make sure of course you have your stops in place since the 5min charts has been doing nothing and has been stuck in a range for the past 3 hours.