Prior Trading Day Summary
On Friday the SPX fell below the 50 day moving average and then commenced a rally. By the close the index had closed positive on the day. The index rose 8 points to close at 6728. 6 billion shares traded with 69% of al volume advancing and 59% of all stock rallying. For the week the index lost 111 points.
The NASDAQ also bounced but still closed lower by 49 points. For the week the index lost 720 points to close at 23004. Volume on Friday reached 10.4 billion with 58% of all volume advancing. 52% of all stocks on the index were also advancing.
With news of a probable government resolution to the ongoing shutdown, stocks are positioned to move higher but even without that news, stocks had a strong recovery on Friday.
Let’s review the closing technical indicators from Fri Nov 7 2025 to see what to expect for market direction on Mon Nov 10 2025.
Stock Market Outlook: SPX Closing Chart For Fri Nov 7 2025
The index fell below the 50 day moving average which brought in buyers who staged a strong recovery and turned the index positive by the close. The index closed below the Upper Bollinger Band and the 21 day moving average which is still bearish.
The closing candlestick is bullish for Monday but with a long shadow which signals dips are likely on Monday.
The 21 day moving average is falling and closed at 6747 which is bearish.
The 50 day moving average is rising and closed at 6670 which is bullish.
The 100 day moving average is rising and closed at 6490 which is bullish.
The 200 day moving average is rising and closed at 6237 which is bullish.
The Lower Bollinger Band is below the 50 day moving average trending sideways which is bearish. The Upper Bollinger Band is trending sideways which is bearish.
The SPX chart has more bearish signals but the closing candlestick is bullish for Monday.
SPX Stock Market Outlook review of Fri Nov 7 2025
Stock Market Outlook: Technical Indicators Review
Momentum: Momentum is falling and negative.
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MACD Histogram: MACD (Moving Averages Convergence / Divergence) issued a down signal on Wed Nov 5. On Fri Nov 7 2025 the down signal was very strong. I expect it will not be as strong on Monday by the close.
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Ultimate Oscillator: The Ultimate Oscillator has an up signal in place.
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Slow Stochastic: The Slow Stochastic has a down signal in place.
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Relative Strength Index: The RSI signal is rising from oversold.
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| Rate of Change: The rate of change is rising from oversold, signaling Monday will end higher. Settings: Rate Of Change is set for a 21 period. This indicator looks back 21 days and compares price action from the past to the present. With the Rate Of Change, prices are rising when signals are positive. Conversely, prices are falling when signals are negative. As an advance rises, the Rate Of Change signal should also rise higher, otherwise the rally is suspect. A decline should see the Rate Of Change fall into negative signals. The more negative the signals the stronger the decline. |
Stock Market Outlook: Support and Resistance Levels |
| 6900 is resistance |
| 6875 is resistance |
| 6850 is resistance |
| 6800 is resistance |
| 6775 is resistance |
| 6750 is resistance |
| 6715 is resistance |
| 6700 is resistance |
| 6675 is resistance |
| 6650 is resistance |
| 6625 is resistance |
| 6600 is resistance |
| 6590 is support |
| 6570 is support |
| 6550 is support |
| 6500 is support |
| 6450 is support |
| 6425 is support |
| 6400 is support |
| 6350 is support |
| 6325 is support |
| 6300 is support |
| 6250 is support |
| 6225 is support |
| 6200 is support |
Stock Market Outlook for Mon Nov 10 2025
For Mon Nov 10 2025 the outlook is more positive for stocks following Friday’s rebound rally off the 50 day moving average. As well news of a probable government resolution to the ongoing shutdown should boost stocks on Monday.
The SPX chart is not completely bearish and now shows some signs of the bounce lasting at least into the start of the week.
Potential Economic and Political Market Moving Events
Monday:
No reports to be released