Technical analysis by NoFOMO_ about Symbol SPYX: Sell recommendation (10/31/2025)

To me this looks like Wave 5 of the Elliott Wave supercycle in the stock market. We had a monster rally since the liberation day dump, now we are coming up against some strong resistance. Should we be concerned? So far I have taken a lot of chips of the table. I am still very much long, we don't fight the tape, but if you haven't already started booking profits; have a good hard think about how much higher we could go from here. The government shutdown will start to filter through the earnings reports next earnings season, especially if it persists over a month. Consumer stocks are showing weakness, whilst the AI trade continue to go vertical, but it will not go on forever - something will eventually give.