Monday, November 3rd, 2025
Current ACAP Momentum/Trend Model Signal: POSITIVE (Day Count = 6)
The ES1 Index (Generic 1st Month S&P 500 E-mini) gained 27bps during Friday’s session, closing at 6874. The low on the session (ref 6843) came within 5 handles of the 10dma (ref 6837) and bounced into the bell. 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 seems poised to test 7000/7050 before year end.
Trade Support:
6783: 20dma
6699: 50dma
6540: Oct 10 low
Trade Resistance:
7050: Measure Move from Consolidation