QVX order flow imbalance suggests SHORT.
Positioning is heavy long into a fragile tape. We sell rallies into 74,500–75,442, where dealer gamma flips and trapped longs provide exit liquidity. Stops above 75,600 — invalidation only on a decisive reclaim. First target 72,727; a clean break opens the air pocket toward 71,800. The 636M liquidation print, 80% longs, confirms crowding, not capitulation. Flows remain distributive; we fade strength, not weakness. Already carrying profit from yesterday's leg, so we add only on failed retests with declining volume. Size modestly, respect the stop, let the imbalance work. 💼
Positioning is heavy long into a fragile tape. We sell rallies into 74,500–75,442, where dealer gamma flips and trapped longs provide exit liquidity. Stops above 75,600 — invalidation only on a decisive reclaim. First target 72,727; a clean break opens the air pocket toward 71,800. The 636M liquidation print, 80% longs, confirms crowding, not capitulation. Flows remain distributive; we fade strength, not weakness. Already carrying profit from yesterday's leg, so we add only on failed retests with declining volume. Size modestly, respect the stop, let the imbalance work. 💼