$SPX The recent short liquidation of $3,043.5K at $0.81226 indicates a significant movement in the $SPX market. Such liquidations usually occur due to a strong move against short positions, signaling bullish pressure in the market. Here's a detailed analysis:

Key Market Insights.

1. Short Liquidation Insight.

Short positions are closed when prices move higher than expected.

This suggests buyers are stepping in, pushing prices upward.

2. Market Sentiment.

A large liquidation can trigger follow up momentum as shorts cover positions and buyers take control.

Watch for resistance or profit taking at higher levels.

Technical Analysis.

Buy Zone.

Look for pullbacks to accumulate positions.

Support Levels: $0.80000 - $0.80500

Target Levels.

First Target T1. $0.82000

Second Target T2. $0.83500

Third Target T3. $0.85000

Stop Loss.

Place a stop loss slightly below support at $0.79000 to limit risk.

Trading Strategy.

1. Entry.

Enter near $0.80000-$0.80500 for a safer entry aligned with support.

2. Exit Plan.

Use the targets mentioned above for profit booking.

3. Risk Management.

Avoid over-leveraging your trades.

Stick to your stop loss to minimize potential losses.

Next Steps for Traders.

1. Monitor Volume.

Increased buying volume near $0.80000 could confirm strength.

2. Watch Market News.

Any macroeconomic updates related to $SPX can influence the trend.

3. React to Breakouts.

If $0.82000 breaks with strong volume, consider re-entry for higher targets.

By following this simple yet effective plan, you can navigate $SPX movements with clarity and confidence. Let me know if you need further insights.

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