Technical analysis by isahebdadi about Symbol SPYX: Buy recommendation (10/18/2025)

Short-Term View: S&P 500 is testing its 50-day moving average near 6,470 after a recent correction from 6,800. A strong bullish reaction from this zone could push prices toward 6,850 → 7,000. If the index closes below 6,550, short-term momentum turns bearish and a drop toward 6,400 becomes likely. Long-Term View: The broader trend remains bullish as long as price holds above 6,470–6,145. Breaking below 6,145 would confirm a larger correction toward 6,000–5,800, while holding above this zone keeps the path open for new highs near 7,200. Summary: S&P 500 stands at a key technical decision zone — the market is deciding whether to resume its bullish trend or start a mid-term correction.