It’s that time again for your graduate entrance exam. During the day, we test whether the 58,000 support holds—whether it breaks or not. At night, we test whether 61,000 breaks or not. Should you take profit on long positions, or not? Should you enter short positions, or not? Just like you know 58,000 as support, you also definitely know 61,000 is resistance. You already know both of these levels in this market.

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