Wednesday, October 8th, 2025

Wednesday, October 8th, 2025

Current ACAP Momentum/Trend Model Signal: POSITIVE (Day Count = 20)

The SPX index lost 38bps during yesterday session, closing at 6714 after hitting a new all-time of 6754.  Momentum and trend indicators remain steady.  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.”  I fully expect the current move to test the next highlighted resistance level at 6802 in the near term.

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%)

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