Technical analysis by Rizwan-Ali about Symbol SPYX: Sell recommendation (8/8/2025)

Currently holding a short position on the US500 from the 6358 level, based on Smart Money Concepts. Price has tapped into a premium zone within a higher time frame supply area, showing clear signs of distribution. Liquidity has been swept above recent highs, and a shift in market structure confirms bearish intent. I’m targeting the 6205 level, expecting a rapid downside move in the very short term as smart money drives price toward discounted levels.