Technical analysis by WiseLeoTrading about Symbol SPYX on 10/15/2025

Fundamental Analysis The US500 remains firmly supported by robust large-cap earnings and underlying resilience in the technology and consumer sectors. The index's significant one-year gain of 26% reflects strong corporate balance sheets and continued optimism for economic stability. Recent upward momentum is fueled by strong bank earnings and persistent hopes for Federal Reserve rate cuts. However, near-term sentiment is challenged by elevated volatility stemming from renewed US-China trade tensions and the ongoing government shutdown, alongside warnings that the market is "stretched" in valuation. Technical Analysis US 500 closed above 6,650, confirming a continued long term bullish momentum. However, short term technical sentiment is mixed as the index struggles to sustain rallies above its EMA21, which is acting as a cap. Immediate resistance is clustered near the recent all-time highs 6,765. Key support is identified at 6,600 down to the critical downside buffer at 6,550. A breach of the 6,550 support level could signal a definitive end to the current uptrend. Analysis by Terence Hove, Senior Financial Markets Strategist at Exness