Technical analysis by weslad about Symbol SPYX on 8/2/2025

S&P 500 continues its upward trajectory, supported by a clearly defined rounding bottom formation. Price has successfully broken above the neckline resistance, followed by a technical pullback which was met with a strong buy reaction, validating this zone as a key demand area. This pullback area now acts as a critical structural base and the current bounce reinforces bullish continuation bias. The active plan is to accumulate within the buy-back zone and follow the path laid out in the chart towards the projected upside targets. Drop your stock requests in the comments for a quick analysis, only US-listed stocks will be reviewed under this post.Potential correction in progress and should follow this path.