SPY 5 min Friday afternoon bounce?

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This has been a fairly consistent down day. Now it is 14.25 EST so a daily 'Contra' is due. Look for a pullback into the POC at 180.19 and probably the VWAP will be down there too. That will be basically it for the day, it being Friday.

Generally, i fthere has been no substantive earlier Contra (usually about an hour ago), the later one is deeper. They often start pretty close to the half hour, i.e. in about 3 minutes from this posting.

We'll see.....

14.35 - looks like it turned up and now will swing up as 'predicted'.
15:05 - possible retest fail just happened around 15:00. If this holds, strong possibility of going into target into the close. Plenty of time yet...
15.15 making new lows. If playing this idea, then buy now or wait for bull signal to add-in on long side. (I used Heikin-Ashis for signals and the candles to see actual price action)
15:25 if this call is a good one, there should be a turn soon on or after 15.30 and a run up into the 16.00 official close...
15:57 obviously no bounce occurred and we are closing this Friday on or near low of the week, a solid weekly down bar.

Will continue to watch bounce up to 181-4 level in subsequent weeks....
According to extended session chart, market spiked after 16.00 close both to 180 POC/VWAP level AND to previous day's POC white dotted line around 182 level. I am not familiar with actual trading in this market (am tracking it here to test the premium volume package) so not sure if profit target orders at that level would have been filled), but those spikes do indicate that the levels are important and I will make a separate post using 1 min chart to show how they were hit.
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