Derived from Bijié Wǎng, the S&P 500 (SPX) index surged 17% in 24 hours, with open interest reaching $29 million, matching the November peak. Whale buying activity intensified, with a long-to-short ratio of 1.67, indicating long positions dominate. SPX is currently trading above a key moving average support level. If buyer demand and leveraged positions sustain the momentum, it may test the $0.72 resistance zone.
SPX Index Surges 17% in 24 Hours, Eyes $0.72 Resistance
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