Technical analysis by mytw0cents about Symbol SPYX: Sell recommendation (4/30/2025)

hi again The US500 has shown strength by breaking the resistance at 5483.5 and is now at 5535. If the price reaches 5604.6 and a pullback occurs, targeting a temporary decline at the 50% Fibonacci retracement level is a good strategy. Fibonacci retracement is often used to identify potential support and resistance levels where the price might pause or reverse. The 50% level is one of the commonly watched levels by traders as it often indicates a significant turning point in price movement. good luck all **My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading my skills also for my trade journal** Thanks a lot for your support