SPX Short: At resistance and VIX is up

١٢ يونيو ٢٠٢٣Based on trendline projected from the last 2 peaks, it seems like S&P has reached another resistance. The VIX is strangely up. This means that there are more puts being opened 23-30 days out and thus causing VIX to go up. Protection is being bought. No matter, it is important to realise that the risk-reward is now favoring the short side.