Still a chance that SPY will reacher lower prices
I expected SPY to move back into the channel by a bit, where it would get accumulated.
Had a limit buy order set at 144.50.
Daily chart looks ripe for a move up, but the volume is still somewhat on the low side; lower than I wanted to see before a move up.
Looking at today's action, I'm leaning toward my original analysis - institutions are not yet ready to take this baby up.
I'm not moving my order up yet, but I will re-evaluate that during lunch tomorrow. Don't want to pay more than 145.50 though.
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Buying/Selling
Arrows - institutions
Circles - retail
Had a limit buy order set at 144.50.
Daily chart looks ripe for a move up, but the volume is still somewhat on the low side; lower than I wanted to see before a move up.
Looking at today's action, I'm leaning toward my original analysis - institutions are not yet ready to take this baby up.
I'm not moving my order up yet, but I will re-evaluate that during lunch tomorrow. Don't want to pay more than 145.50 though.
--------------------------------------------------
Buying/Selling
Arrows - institutions
Circles - retail
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