Friday, October 31st, 2025
Current ACAP Momentum/Trend Model Signal: POSITIVE (Day Count = 5)
The ES1 Index (Generic 1st Month S&P 500 E-mini) lost 97bps, closing at 6855, after hitting a new all-time intraday high in the overnight session at 6953. My Spot VIX signal remains “risk on”. My VIX Term Structure signal is “risk on”. The ACAP Momentum/Trend Model signal for the ES1 Index is Positive. I continue to see risk skewed to the upside from here as the index is poised to test 7000/7050 before year end.
Trade Support:
6779: 20dma
6692: 50dma
6540: Oct 10 low
Trade Resistance:
7050: Measure Move from Consolidation