$SPY Symmetrical Triangle at Resistance

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https://www.tradingview.com/chart/Aw80cajR/?symbol=AMEX%3ASPY

Currently watching SPY coil inside a symmetrical triangle after a strong run-up. Price is compressing between higher lows and lower highs. Volume is also tapering off, which is a classic sign of a potential breakout coming soon.

Sentiment for Next Week: Leaning Bullish
Unless SPY breaks below the rising trendline with volume, the structure favors a bullish continuation breakout to the upside for next week ahead of earnings. If that lower trendline snaps, we could see a quick move into 675–670.

Bullish Confirmation: ABOVE 684
Bearish Confirmation: BELOW 680 / treadline support

Penafian

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