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.