.SPX: What's Going on Next?

Hello everyone! Today i want to share some trading ideas with you!

1.

“Money is made by sitting, not trading.”

— Jesse L. Livermore

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2.

Tested & Held So Far: $S&P 500(.SPX)$

(1) as noted earlier, the test of support of 5750 level has been under-way for the last few hours.

(2) so far, the support is held fairly firmly, indicating an unfinished upward move.

(3) for a day like this, the main actions were completed in the 1st hour.

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3.

Back-test 5750:

(1) an upward blast has conquered the 5752 key resistance zone; Now, it is the back-test;

(2) if held--which I believe so--then this zone will become a strong support for the next leg higher;

(3) if fails, then a few days of digestion before more squeeze higher.

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4.

WHEN & WHERE:

(1) "Up until the bears have doubts of their short position--sometime next week" -- 3/22;

(2) those "trapped bears"--majority of them, still hold their positions--most of them failed to exit around 5500 zone.

(3) the loss will be unbearable later this week. SQUEEZE

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