SPX6900 gains 18% – But traders, watch out, THIS risk could ruin it all

• The SPX6900 jumps 18%, but the whales are quietly performing while everyone else accumulates on driving?
• If $ 1,2 does not hold as support, SPX risks pullback to $ 0.95 despite the short -term bull dynamics.

After falling to a minimum of $ 0.92, SPX6900 [SPX] Repeat back with a critical level of $ 1.

This recovery naturally improved after cooling of geopolitical tension. Synchronically, the SPX returned and indicated a sharp increase.

Futures SPX6900 wakes up with an increase in prices

Driving on this wave of recovery, SPX rose to a local maximum of $ 1.26 before it released slightly. At the time of the press, it was almost $ 1.24, which is 18.78% in 24 hours.

This was not the only number that jumped.

The SPX recorded an 85.8% increase in trading volume to reach $ 161 million. Such a massive increase in volume signals increased activity either on the side of the sale or purchase.

Interestingly, most of this activity stems from the derivative market. Open interest SPX6900 (OI) balloons 28.52% to $ 117.2 million, signaling a flood of new contracts.

Such an increase in OI means that as prices have started to increase, investors threw themselves into the market to take strategic positions.

In fact, a long/short ratio over 1 remained and confirmed that most traders had held long bets.

Market signals are not in synchronization

Although prices, volume, volume and activities in futures have risen, key players on the market seem to not convinced. This is because the SPX6900 investors are sold aggressively.

After the price of the last day recovered, most holders turned to profit.

Looking at the balance in the stock exchange, around 25.8 K was positive.

The positive value here suggests that investors and holders sell more than they buy. There is therefore more flow to the exchanges than drainage, which could lead to higher sales pressure.

In addition, Netflow also turned positive. This suggests that while prices have risen, investors have unloaded nearly 7 million SPX tokens.

Even more remarkable was the stream in reserves to flow. 23rd June was SFR MEMECOIN high at 21 billion. At the time of the press he barely held 11k.

Such a significant decline in the SFR suggests a higher supply, while demand is low. If demand cannot keep up, a lower deficiency leads to a fall in prices.

So … what now? 0.95 $ or $ 1.5?

Despite the dramatic reflection, there is a visible move between speculators and sellers. While short -term traders jumped in the middle of a wider market relief, long -term beliefs seem to be shaking.

If the bulls cannot maintain a daily closure of over $ 1.20, the rally risk losing steam. If the seller remains dominant, SPX can re -redate $ 0.95 support.

But if the momentum is held and $ 1.2 turns into a fixed support, SPX could be charged for $ 1.5 next.