Technical analysis by TradeSelecter about Symbol SPYX on 10/11/2025

Technical Analysis and Outlook: During the previous week's trading session, the S&P 500 Index experienced a notable decline in price activity after reaching the Key Resistance level of 6750 and the Outer Index Rally at 6946. At present, the index is positioned just above the newly established Mean Support level of 6550, which indicates the potential for further downward momentum. This trend could extend to subsequent Mean Support levels of 6485, 6371, and the Key Support level at 6240. It is imperative to recognize that the index may exhibit a strong rebound following its price contact at the Mean Support level of 6550. Furthermore, there exists the possibility of an upward extension that could reach the Key Resistance target of 6753.