Prior Trading Day Summary
On Wednesday the Fed cut interest rates by a quarter of a point which sparked a rally.
New York saw volume jump by one billion shares and 180 stocks made new highs. There were just 19 new lows. 70% of all stocks were rising.
The NASDAQ did not see the strong rally emerge. Instead it closed up 77 points to 23,654. Volume jumped 900 million shares to 8.3 billion which is still below average. There were though 335 new highs and 104 new lows. 64% of all stocks were rising by the close.
Let’s review the closing technical indicators from Wed Dec 10 2025 to see if the afternoon rally will translate into a higher day on Thursday.
Stock Market Outlook: SPX Closing Chart For Wed Dec 10 2025
The index closed above all major moving averages but below the Upper Bollinger Band. The SPX is trying to break free of the sideways trend and let set to do so on Thursday.
The closing candlestick is bullish.
The 21 day moving average is rising and closed at 6769 which is bullish. The 21 day is climbing higher, away from the 50 day.
The 50 day moving average is rising and closed at 6755 which is bullish.
The 100 day moving average is rising and closed at 6592 which is bullish.
The 200 day moving average is rising and closed at 6344 which is bullish.
The Lower Bollinger Band is falling and further below the 100 day moving average. This is bearish. The Upper Bollinger Band is moving higher which is bullish.
The SPX chart has a mix of bearish and bullish signals but more signals are bullish.
SPX Stock Market Outlook review of Wed Dec 10 2025
Stock Market Outlook: Technical Indicators Review
Momentum: Momentum is falling but positive which is bearish.
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MACD Histogram: MACD (Moving Averages Convergence / Divergence) issued an up signal on Fri Nov 28. On Wed Dec 10 2025 the up signal gained strength.
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Ultimate Oscillator: The Ultimate Oscillator is rising.
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Slow Stochastic: The Slow Stochastic has an up signal in place and is rising back into overbought readings.
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Relative Strength Index: The RSI signal is rising and entering overbought readings.
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| Rate of Change: The rate of change is falling signaling the index will close lower on Thursday. 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 |
| 6925 is resistance |
| 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 support |
| 6650 is support |
| 6625 is support |
| 6600 is support |
| 6590 is support |
| 6570 is support |
| 6550 is support |
| 6500 is support |
Stock Market Outlook for Thu Dec 11 2025
For Thu Dec 11 2025 the technical signals are advising that the index will be moving higher on Thursday, fresh from the latest interest rate cut by the Fed on Wednesday.
Potential Economic and Political Market Moving Events
Monday:
no announcements or reports
Tuesday:
10:00 Job openings delayed info for Oct was higher than estimated, coming in at 7.7 million versus 7.2 million prior
Wednesday:
2:00 FOMC interest rate decision
2:30 Fed Chair Powell speaks at his news conference
Thursday:
8:30 Weekly Initial Unemployment Insurance Claims are estimated to rise to 223,000 up from 191,000 prior
10:00 Wholesale inventories for Sep are estimated to rise slightly to 0.1% from 0.0% prior