SPX6900 getting hammered 🔴 Down 14% to $0.77 in the last 24h, but volume actually spiked 15% to $28M—someone's buying the dip?

Technical setup looks rough though: Death cross forming, RSI at 35.86 (oversold territory), and open interest on derivatives cratering from $18.96M to just $9.30M. Long/short ratio hit 0.88—lowest in a month, meaning shorts are piling in.

**The chart is screaming bearish:**
- 50-SMA at $1.13 and 200-SMA at $1.20 both above price
- MACD just crossed below signal line
- Descending parallel pattern still intact

**Key levels to watch:**
📉 If it breaks down: $0.65 is next support, worst case $0.48 if panic hits
📈 Bullish scenario: Rally past $1.13 could target $1.20

One bright spot: Volume holding strong. If buying pressure sticks around, bulls might not get totally rekt. But right now, the technicals are flashing red across the board. Risky entry unless you're catching a falling knife with conviction.