Tuesday, October 28th, 2025
Current ACAP Momentum/Trend Model Signal: POSITIVE (Day Count = 2)
The ES1 Index (Generic 1st Month S&P 500 E-mini) gained1.19% on the session, hitting a new all-time high (ref 6916) and a new all-time closing high (ref 6908). My Spot VIX signal remains “risk on”. My VIX Term Structure signal shifted back to “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 7k before year end.
Trade Support:
6759: 20dma
6666: 50dma
6540: Oct 10 low
Trade Resistance:
7050: Measure Move from Consolidation