Technical analysis by BeInCrypto about Symbol SPX on 8/21/2025

SPX is facing notable bearish pressure as the Parabolic Stop and Reverse (SAR) currently forms dynamic resistance above its price at $1.93. This positioning suggests that sellers remain in control and the market could continue to lean downward in the short term. The Parabolic SAR helps traders identify an asset’s trend direction and possible reversals. When its dots appear below the price, it reflects bullish momentum, signaling that buyers are driving the market higher. Conversely, when the dots shift above the price, it implies mounting selling pressure, often interpreted as a continuation signal for bearish moves.