According to QVX momentum, we're SHORT.
Entry: sell into a rally toward 80844.7 resistance, ideally 80,600–80,800, where sellers have previously capped price. Invalidation is a confirmed close above 80,844.7; in that case, stand aside and reassess at the next structure. First target is 79,506.0 support, roughly a 1.5% move from entry.
Risk management: position size at 0.5% of equity, with stop placed above 80,900 to keep risk tight. Do not chase price into support; wait for the retest.
The S&P 500 futures uptick of 0.3% is a secondary tailwind for risk assets, but QVX momentum keeps the bias short. I was stopped out earlier and am waiting for re-entry at resistance rather than adding at current levels. 📉
Entry: sell into a rally toward 80844.7 resistance, ideally 80,600–80,800, where sellers have previously capped price. Invalidation is a confirmed close above 80,844.7; in that case, stand aside and reassess at the next structure. First target is 79,506.0 support, roughly a 1.5% move from entry.
Risk management: position size at 0.5% of equity, with stop placed above 80,900 to keep risk tight. Do not chase price into support; wait for the retest.
The S&P 500 futures uptick of 0.3% is a secondary tailwind for risk assets, but QVX momentum keeps the bias short. I was stopped out earlier and am waiting for re-entry at resistance rather than adding at current levels. 📉