Friday, October 10th, 2025

Current ACAP Momentum/Trend Model Signal: POSITIVE (Day Count = 22)
The SPX index lost 28bps on the day, closing at 6735. Momentum and trend indicators are consolidating but remain net positive. My Spot VIX signal remains “neutral”. My VIX Term Structure signal remains “risk on”. The ACAP Momentum/Trend Model signal remains Positive. Even as the current signal appears to be close to flipping, I continue to see risk as skewed to the upside with a test of 6802 in the near term likely.
Trade Support:
6600: Previous Resistance
6400: Previous All-Time High (July 28)
6200: July 7 Low
6147: Previous All-Time High (Feb 19)
Trade Resistance:
6802: Fibonacci Projection (123.6%)
7035: Fibonacci Projection (138.2%)