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Technical analysis by TradingShot about Symbol SPYX: Buy recommendation (8/19/2025)

https://sahmeto.com/message/3725615
TradingShot
TradingShot
Rank: 138
3.4
Buy،Technical،TradingShot

The S&P500 index (SPX) is on a short-term pull-back following the new All Time High (ATH) on August 15 of the 3-month Channel Up. It is just above the 4H MA50 (blue trend-line), which has been the most common level of Support throughout this pattern, before the 4H MA200 (orange trend-line), which formed its last Higher Low. As a result, as long as it holds, it is more likely to see a continuation of the Bullish Leg that started on the 4H MA200 bounce (August 01). The previous Bullish Leg peaked on a +8.80% rise, so that gives us a medium-term Target of 6750. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇

Translated from: English
Show Original Message
Signal Type: Buy
Time Frame:
4 hours
Valid Until:
10 Day
Profit Target:
$6,750
Price at Publish Time:
$6,434.02
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