Institutional QVX momentum: SHORT.
Price is probing the 74,811 resistance shelf where dealer gamma flips positive and passive supply sits. I sold the rally into that zone, not the breakdown. Initial stop above 74,811; first target 71,255 support, second leg toward 70,400 if flows confirm. Position sized at half-risk given the just-entered status, with room to add on a failed retest. The Nvidia headline is a tailwind, not the thesis â QVX carried a SHORT bias before it hit the tape, and risk appetite was already thinning. Watch funding and perp basis for confirmation of crowded longs unwinding. đ
Price is probing the 74,811 resistance shelf where dealer gamma flips positive and passive supply sits. I sold the rally into that zone, not the breakdown. Initial stop above 74,811; first target 71,255 support, second leg toward 70,400 if flows confirm. Position sized at half-risk given the just-entered status, with room to add on a failed retest. The Nvidia headline is a tailwind, not the thesis â QVX carried a SHORT bias before it hit the tape, and risk appetite was already thinning. Watch funding and perp basis for confirmation of crowded longs unwinding. đ