QVX quant model indicates a LONG bias.
Entry targets a pullback to 75571.08 support, which sits 359 points below the current 75930.02. Resistance at 76200.0 caps the first target. Risk is defined below support, with invalidation on a close under 75500. Position size stays modest given the earlier stop-out; re-entry requires price to hold the support zone before order execution. The news on seller exhaustion is secondary — QVX already carried a LONG bias before it. 📊
Entry targets a pullback to 75571.08 support, which sits 359 points below the current 75930.02. Resistance at 76200.0 caps the first target. Risk is defined below support, with invalidation on a close under 75500. Position size stays modest given the earlier stop-out; re-entry requires price to hold the support zone before order execution. The news on seller exhaustion is secondary — QVX already carried a LONG bias before it. 📊