🚨 SPX Long Liquidation Alert!

A major liquidation hit as $5,359 worth of long positions were wiped out at $1.2876!

This sharp move downward has left long traders scrambling, and the bears are taking full control of the market.

Bearish Shift: SPX’s failure to hold above $1.2876 triggered a wave of liquidations, shifting market sentiment to the downside.

Long Squeeze in Action: Over-leveraged long positions couldn't handle the pressure, forcing a sharp sell-off and amplifying the downward momentum.

Increased Sell Volume: The sudden price drop was accompanied by an uptick in sell volume, signaling that the bears are asserting dominance.

Key Support Watch: The next critical support level is $1.2700-$1.2750. If this range fails to hold, a deeper pullback could be in store.

Resistance Level: A rally above $1.2876 could signal a potential reversal, but for now, the bears have control.

Bearish Trend Momentum: If the selling pressure continues, SPX could test new lower levels, and more long liquidations could follow.

Stay Alert: With liquidations amplifying the downward momentum, this market could get volatile.

Keep your eyes on key support zones and be cautious of potential further downside moves! The market is in a tight spot—will the bulls fight back, or will the bears continue to dominate.

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