I Gotta Get My Rest to be Ready for the Sprint
SPY 3 Day, 90 min. - 6.2.11 - Channel Trend is Down Short Term. Price Action is in Consolidation Phase (Sideways). Note the Horizontal Range Lines. A Breakout will go One Way or the Other.
SPY 2 Day, 15 min. - 6.2.11 - Sideways Consolidation between the Horizontal Lines. Looking for a Breakout which will Happen at some Point. Bias is Down as Price Action is Below the 50 Day MA.
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