QVX regime classification: SHORT.
Entry zone: 67,200–67,600 on a rally into minor resistance. Stop-loss at 68,150, above the 66,456 support-to-resistance flip and recent swing high. Target 1 at 66,456; target 2 at 65,800. Risk-reward approximately 1:2 on the second target.
Position sizing: 1.5% account risk. I just entered short and will trail the stop to breakeven once price closes below 66,456 on the 4H. The loss-supply reversal headline is a contrarian long argument, but QVX momentum and trend filters remain negative; price is below the 20-EMA with declining volume on bounces. I treat the news as secondary and keep the short bias until a daily close above 69,583 invalidates it. 📉
Entry zone: 67,200–67,600 on a rally into minor resistance. Stop-loss at 68,150, above the 66,456 support-to-resistance flip and recent swing high. Target 1 at 66,456; target 2 at 65,800. Risk-reward approximately 1:2 on the second target.
Position sizing: 1.5% account risk. I just entered short and will trail the stop to breakeven once price closes below 66,456 on the 4H. The loss-supply reversal headline is a contrarian long argument, but QVX momentum and trend filters remain negative; price is below the 20-EMA with declining volume on bounces. I treat the news as secondary and keep the short bias until a daily close above 69,583 invalidates it. 📉