Technical analysis by Trade Nation about Symbol SPYX on 10/30/2025

The S&P 500 closed flat (-0.004%) as Powell tempered expectations for another Fed rate cut in December, while upbeat Trump–Xi trade talks and Nvidia’s milestone $5trn valuation buoyed sentiment. Yields spiked (+10.1bps on 10yr Treasuries) as the BoJ held steady and tech gains drove the NASDAQ (+0.55%) and Mag-7 (+1.03%) to new highs. US equity futures are modestly higher ahead of today’s key events — Apple and Amazon earnings, which will steer Nasdaq direction, and the ECB’s policy decision, where rates are expected to remain unchanged at 2%. Broader attention will also be on results from Eli Lilly, Merck, and Gilead in pharma, alongside major releases in energy and industrials. Key Support and Resistance Levels Resistance Level 1: 6904 Resistance Level 2: 6923 Resistance Level 3: 6950 Support Level 1: 6832 Support Level 2: 6806 Support Level 3: 6783 This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.