Technical analysis by sachu_blessyou about Symbol SPYX: Buy recommendation (7/22/2024)

As one of the most traded indexes in the world this asset has consistently respected the Fibonacci levels based on it's last local low. Considering how aggressively price is moving up now & how pessimistic the market was the last few years I think it's likely we climb higher. It's important to see how it reacts to these levels a resistance levels to look for exhaustion but overall the trend is strongly bullish