SPY buyers will keep accumulating to 508, Below there could sell of to LOD. Market Makers would fry all these buyers if they closed the GAP. Consolidating in 2 point range would not be unusual with a sell off EOD. Still have a bullish Bias. QQQ looks ready to sell, If this lower high on SPX holds that could put sellers in control but seems unlikely to 3:30. Charts resembling a H&S intraday but bulls have been giving everyone the horn lately that want to short. Manage your risk first. SPXS elongated bear flag at present price from high. Remember the CHOP is an accumulation pattern ES1!
SPY 50MA support looking weak. Bear flag no follow through... (Closing the gap would wipe out a lot of the break out traders.) Lunch time normally doesn't see too much volatility but not the case. QQQ leading with some volume. ES1!SPXS Looks like it is waiting for some volume to break support. Sour Power Hour could be good today. Will be waiting for a clear pattern in consolidated range off top. I have a bearish bias here. NOT trading advice. Manage your risk first.
SPY Pattern repeats, manage risk and let runners run. Moves will become shallow as volume falls off. 10:00 watching for volume push to next level. Expecting to visit the HOD again later and wash out the short sellers. If it closes the GAP it would be amazing. SPXSPXS$ES!!QQQ
SPY H&S executing causing pain not a volatile day until the end like yesterday. Still bullish for next week unless we sell off really hard. Watch yourself. SPXSES1!QQQ still lagging. Have a great weekend. Enjoy the holiday. SPX