Technical analysis by GreenZoneCapital about Symbol SPYX: Buy recommendation (9/30/2025)

Overview Summary The SPX has staged an impressive recovery throughout 2025, breaking free from the spring correction and climbing within a well-defined rising channel. Many anticipated September to be a bearish month based on historical trends, but momentum is continuously being fueled by resilient earnings, AI-driven productivity themes, and renewed capital inflows. With price currently consolidating around the mid-6,600s, our outlook anticipates a continuation of this structural uptrend toward the psychological 7,000 level, aligning with both technical momentum and macro capital drivers. Technical Analysis The index is trending within a clear ascending channel, respecting both upper and lower boundaries since Q2. Each pullback has found consistent demand along channel support, followed by strong recoveries. As shown in our TradingView chart analysis, projected channel extension carries SPX toward 6,900–7,000 by year end. Key Support Entry: 6,500-6,600 Key Resistance Target: 6,900–7,000 A clean break and close below 6,300 would invalidate near-term bullish structure and open risk toward deeper supports near 6,000. Macro/Fundamental Thesis Macro conditions remain a dual force. On one hand, AI investment, corporate buybacks, and strong tech leadership ( NVDA , AMD , SMCI , ANET ) are powering higher valuations. On the other, elevated rates, energy costs, and global growth uncertainty remain constraints. Capital rotation into equities continues as investors seek exposure to U.S. resilience and innovation themes. Overall, the index remains supported by structural liquidity and the digital infrastructure super cycle. A decisive test of $7,000 is our base case as long as buyers continue defending channel support zones. Green Zone Capital Bias: Long Type: Trend Continuation Entry Zone: 6,500–6,600 (pullback buys) Target: 7,000+ (psychological milestone + channel projection) Invalidation: Break below 6,300 (channel support) Conclusion The SPX continues to trade within a constructive uptrend, supported by both technical structure and macro demand for U.S. equities. As long as buyers defend the mid-6,300 support area, the broader market remains positioned for continuation toward the 7,000 milestone. This level represents not only a psychological benchmark but also the upper boundary of the current channel extension. While volatility and pullbacks should be expected, the prevailing trend favors strength, and disciplined accumulation within support zones offers attractive risk-reward for long-term investors.