$SPX Long Liquidation: $5.53K at $0.6121

SPX faced a significant long liquidation around $0.61, hinting that buyers may be losing short-term control. After multiple rejections near the $0.64 resistance, sellers took advantage of the weakened momentum, driving prices lower to test key supports.

Technical Overview:

Support Zone: $0.58 – $0.60

Resistance Zone: $0.64 – $0.66

Trend Outlook: Short-term corrective, mid-term bullish if support holds

Market Insight:

SPX’s structure still shows strength above $0.58, where previous consolidation created a solid base. If bulls can defend this zone, a relief bounce toward $0.65 is likely. Conversely, a clean breakdown below $0.58 could trigger a deeper pullback toward $0.54.

Trade Plan:

Buy Entry: $0.59 – $0.60 (watch for RSI recovery)

Sell/Target: $0.65 – $0.67

Stop Loss: Below $0.57

Outlook: A breakout above $0.66 would confirm bullish continuation and open doors to $0.70+ levels. SPX traders should stay alert — volatility is rising, and swift reversals are possible.

let's go and Trade now $SPX