Technical analysis by Signal_Centre1 about Symbol SPYX: Buy recommendation (8/20/2025)

US500 – Buy Limit Entry: 6396 Target: 6516 Stop Loss: 6356 Type: Intraday Trade Idea: Levels close to the 78.6% pullback level of 6395 found buyers, suggesting demand remains intact. Setbacks should be limited to yesterday’s low, with overnight losses contained. The primary trend remains bullish, and the 20 1-day EMA at 6384 underpins price action. Preferred trade is to buy into dips for a potential rebound. Resistance Levels: 6421 / 6467 / 6490 Support Levels: 6393 / 6369 / 6348 Next Volatile Events: 20/08/2025 19:00 — FOMC Minutes (US) 21/08/2025 01:00 — Jackson Hole Symposium (US) Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.