SPY. keep it simple. basics. support, resistance, candleforms.

There truly is not much better an indicator than volume, price action, and volume profiles (Volume). The trend is our friend here until it isnt. I don't see why this low volume drift up does not continue until JP speaks, which could trigger some panic down to the 415 area tomorrow. the best part though, is we have AAPL earnings the day after. so one I feel can assume that some wild movement will be taking place tomorrow at JP time until EOD Friday. Spy charts have been quite predictable lately. the 5 minute shows a nice rising wedge on low volume approaching resistence with a high POC Value area in the 420-422 area IMO. I believe both targets will be hit wednesday and thursday. the order in which they do, I'm not sure which would be first. two highly volatile, highly market affecting events simulatenously amidst earnings and disbelief in the idea that the SPY could still continue to go up. yes, SPY can go up still. Loads of market conditions support the bounce. question is what the messery will be done by whales, who, if you've been watching some charts, have been moving sizeable positions at rapid speed simultaneously to get positioned. just gotta find out what wave to ride, and wait for confirmation.