Monday, October 6th, 2025

Current ACAP Momentum/Trend Model Signal: POSITIVE (Day Count = 18)

The SPX index was essentially flat in the day Friday, hitting a new all-time high (ref 6750) and closing at 6715.  To note, on a closing basis the current ACAP signal has returned 2.81%.  Momentum and trend indicators held.  My Spot VIX signal remains “neutral”.  My VIX Term Structure signal remains “risk on”.  The ACAP Momentum/Trend Model signal remains Positive.  As I have continued to write, “Risk remains skewed to the upside.”

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%)