S&P 500 Major Rejection
ES1! SPX The S&P 500 is failing at the upper extreme where aggressive sellers entered the market in January 2022. On the weekly timeframe using the E-min S&P 500, this indicator uses a proprietary algorithm to identify aggressors entering the market in size. The zones are ranked on a 0-100% scale, 100% being the strongest. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.