SPY daily is confirming its sell signal

SPY looks really very bad. After 6-7 weeks of pumping up on FOMO's idea that FED will pivot or on the idea we will have a soft landing now finally traders are starting to understand inflation is still here and will likely rebound. So after CPI, Retail sales, and yesterday, PPI all said FED will have to go much above 5-5.5% with the FED fund rate. After SPY was in a rising wedge, a very bearish pattern when break, and yesterday it breaks confirming my sell signal from last week. The only way for SPY and the market as a whole to be saved needs to be bullish today and need to smash all resistance and go up, which is less likely.

Volume confirms the trading idea because it is more prominent on a red day than on a green day.
It is still above 20,50 and 200 days MA which is bullish.
RSI after having strong divergences is now cooling and dropping and is neutral at the moment.
MACD histogram tick starts to tick lower while the MACD line cross below the signal line signaling the end of a trend.

Overall: SPY is in huge problem. Bulls if want to have a healthy bull market need to consolidate on this level, slowly correct on a lower volume, and then break all resistance. It is unlikely it will do it today. However, if SPY starts to drop hard on volume bull is over and pain will arrive. Having in mind that dumb money aka we aka retail traders is at an all-time high, it starts to drop, this will be an extremely fast drop.