Technical analysis by KlejdiCuni about Symbol SPYX: Buy recommendation (1/6/2026)

US500 Could Reach 7100 in the Coming Days From the US500 chart, we can see that the index has been accumulating major corrective patterns before any major impulsive move. Currently the US500 has come out of another correction. This time we have a bullish pattern - "Descending Broadening Wedge Pattern" It seems that the correction is already over, so we may be ready for the impulsive move. In fact, this move was created by the crazy things that Trump is doing, but the real impact on the indices is a bit questionable in my opinion. Yesterday the energy sector was the one that started this bullish movement and today the indices are back in the green. It seems that the US500 is ready to hit 7000; 7050 and 7100 soon. You may find more details in the chart! Thank you and Good Luck! PS: Please support with a like or comment if you find this analysis useful for your trading day