Technical analysis by Sylynt056 about Symbol SPYX: Buy recommendation (9/3/2024)

Scenario Analysis: market has potential to retrace back to 5620 area = (-0.52%) retracement, Market has potential to continue inclinging around 0.64% @5670 (just under last month high) /5680 area where bulls will see new high, then a retracement maybe Retracement expected to be 35% - 40% support area @5637.43 , and 5629.71 May see stagflation (W) price-action potential opportunity (Week 2 of sep) may see close to 2.00% Incline or decline after retracement (expect incline) Objective & Targets: follow incline by 0.64% prepare for possible retracement thereafter. Support & Resistance Levels: Support: 5629.61, 5648.39, 5616.24 Resistance: 5668.64, 5658.15, 5683.48