Prior Trading Day Summary
On Wednesday stocks had another choppy session but managed to hold some of the a’s gains into the close.
The S&P closed up 26 points to 6671. 60% of all stocks on Wednesday were rising.
The NASDAQ rose 148 points to close at 22,670. 58% of all stocks on the index were rising.
The technical indicators have seen a change within some of the indicators which are now pointing higher.
Lets review the closing technical indicators from Wed Oct 15 2025 to see whether stocks will gain more on Thu Oct 16 2025.
Stock Market Outlook: SPX Closing Chart For Wed Oct 15 2025
The index closed below the Upper Bollinger Band but just above 21 day moving average. This is still bearish.
The closing candlestick is signaling weakness for today with long shadows both top and bottom going into Thursday. This means the market could swing either up and down on Thursday.
The 21 day moving average is rising and closed at 6671 which is bullish.
The 50 day moving average is rising and closed at 6551 which is bullish.
The 100 day moving average is rising and closed at 6373 which is bullish.
The 200 day moving average is rising and closed at 6136 which is bullish.
The Lower Bollinger Band is above the 50 day moving average and is moving sideways which is neutral. The Upper Bollinger Band is starting turning lower which is bearish. The chance of a Bollinger Bands Squeeze is high.
The SPX chart is more bearish than bullish for Thursday. All moving averages are above 6100 which is bullish for further advances.
SPX Stock Market Outlook review of Wed Oct 15 2025
Stock Market Outlook: Technical Indicators Review
Momentum: Momentum is rising and negative.
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MACD Histogram: MACD (Moving Averages Convergence / Divergence) issued a down signal on Thu Oct 9 2025. On Wed Oct 15 2025 the down signallost strength.
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Ultimate Oscillator: The Ultimate Oscillator is falling.
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Slow Stochastic: The Slow Stochastic has an up signal in place and is oversold.
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Relative Strength Index: The RSI signal is rising and no longer oversold.
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| Rate of Change: The rate of change is rising and slightly positive. It is signaling a higher day for 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 |
| 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 resistance |
| 6570 is resistance |
| 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 Thu Oct 16 2025
For Thursday the SPX is signaling that investors should expect some weakness today but dips and spikes are probable. The technical indicators have switched from pointing lower to pointing higher as of Wednesday’s close.
On Thursday I am expecting a bit of a volatile day with a good chance of a slip lower by the end of the day.
Potential Economic and Political Market Moving Events
Monday:
Columbus Day
Thanksgiving holiday in Canada – no trading
Tuesday:
6:00 NFIB optimism index came in at 98.8, well below the prior reading of 100.8.
Wednesday:
8:30 Empire state manufacturing survey.
2:00 Fed’s beige book will be released