SPY Update

It looks like a pullback is coming...

 A negative divergence on the 1 min chart all morning...

 On the 10 min BB screen there was good momentum in the red box as price walked the upper Bollinger band, which is bullish, especially when an index does it and more so on a daily chart. It would seem a pullback at least to the median should materialize soon.

The other thing a bit bothersome is how thing the trading range has grown or shrunk rather along with declining volume. This scenario is like venturing further and further out onto a narrowing ledge.