SPX is a rocket stationed at the top of Mt Everest!
Touching 1,600 will be the blasting off for the new round of launching to the brand-new orbit.
The shake-out performed on May 01, 2013 was to finalize feeding refined-fuel.
Short Squeeze will be even more violent with squeezed shorts getting margin calls and hurrying to cover! Of course, new shorts will jump into fire to just get burned too. What a cycle!