Technical analysis by NEoWave-Chart about Symbol SPYX on 10/2/2025

In my view, the S&P 500 index is forming a diametric pattern in the long-term timeframe, with wave (E) currently nearing completion. Following this, the index is expected to enter a corrective phase, which could involve both price and time corrections: - The price correction may extend to the range of the drawn box, potentially dropping the index to 3,500 points. - Alternatively, the price could decline to the 4,700–4,800 range and then consolidate over time to complete the time correction. Good luck NEoWave Chart