Technical analysis by NoFOMO_ about Symbol SPYX: Sell recommendation (10/30/2025)

The move up since the liberation day dump has been epic. I called the low on the markets at the time. I was long AppLovin, AMD, Reddit, Arm, Alab, REMX, amongst many other names that far outperformed the market. I warned you about the imminent dump before it happened, and then took positions on the long side as the market capitulated and we hit the golden ratio. Now it's time to zoom out and remind you that this will not grind up forever. My interpretation of the chart is the move is nearing the end, the risk of strong downside move (7-12% drop) is increasing significantly and greed will catch many people out. The inverse head and shoulders pattern is almost complete, we are grinding up in this channel and will start to come up against the resistance over these coming days/weeks. I had an upside target of 7000-7250 and we are almost there. The dips are getting brought up, so bulls may have more time to make gains but I am not convinced that the gains are worth the risk at this stage. I will start taking some chips off the table here. Not financial advice, do what's best for you.