Chart & Technical · SPY
Detected Patterns for SPY
AI-generated plain-English read of detected patterns for SPY. Updated daily.
Conflicting patterns at full formation
moderatePatterns are at war: bullish and bearish formations both have valid setups. Wait for one to invalidate via breakout or breakdown rather than guessing.
What will probably happen
- The competing patterns will resolve when one side breaks convincingly; that breakout/breakdown direction determines the next big move.
- Detection confidence is moderate (67%). Treat as a supporting signal rather than a standalone thesis.
What to do
- If you HOLD this stock
- Hold your current position but don't add: bullish and bearish patterns are both live. Wait for one to break conclusively before sizing up or trimming.
- If you TRADE this stock (no options)
- Stand aside. Trading into a contested pattern setup is a coin flip. Let one side win, then enter on the confirmed break.
- If you trade OPTIONS
- Consider a strangle or iron condor: both sides have a setup, and the resolution will be a sharp move. Directional calls or puts are premature.
Pattern confidence is moderate
Technical details
Technical analysis
- Overall bias
- Mixed Bias
- Maturity
- Ready
- Quality
- Moderate Quality
- Target upside
- Unknown Target
- Pattern count
- 3
- Avg confidence
- 67%
- Pattern 1
- Double Top, bearish, complete (66%)
- Pattern 2
- Double Top, bearish, complete (69%)
- Pattern 3
- Double Bottom, bullish, complete (66%)
Key levels
| Level | Value |
|---|---|
| current price | 754.37 |
| avg confidence | 0.67 |
| pattern count | 3 |
| bullish count | 1 |
| bearish count | 2 |
Caveats
- Pattern recognition has a meaningful false-positive rate; even high-confidence patterns fail ~30% of the time.
- Bullish and bearish patterns active simultaneously is unusual; the read depends on which breaks first.