NAPit
Short

Still a chance that SPY will reacher lower prices

BATS:SPY   SPDR S&P 500 ETF
168 0 0
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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