Prior Trading Day Summary
On Wed Sep 10 2025 the day ended with all new highs intraday and at the close for both the SPX and the NASDAQ indexes. This resulted in an unconfirmed MACD up signal.
The SPX rose 19 points to close at 6532 on 5.3 billion shares traded. 53% of the volume was moving lower by the close.
The NASDAQ ended higher by just 6 points to 21886. Intraday the index made another new high and the close was a new closing high. Volume rose to 9.3 billion shares traded. 59% of all volume was being traded higher but 51% of all stocks were moving lower.
Lets review the closing technical indicators from Wed Sep 10 2025 to see what we should expect for Thu Sep 11 2025.
Stock Market Outlook: SPX Closing Chart For Wed Sep 10 2025
The index closed above the 21 day moving average and the Upper Bollinger which is bullish.
The closing candlestick is bullish for Thursday. A long shadow on the closing candlestick signals dips intraday but a higher close is expected..
The 21 day moving average is rising and closed at 6460 which is bullish.
The 50 day moving average is rising and closed at 6369 which is bullish.
The 100 day moving average is rising and closed at 6186 which is bullish.
The 200 day moving average is rising and closed at 5987 which is bullish.
The Lower Bollinger Band is higher and above the 50 day moving average which is bullish. The Upper Bollinger Band is rising which is bullish. A Bollinger Bands Squeeze is still present with no clear signal whether stocks will move higher or lower out of the latest Bollinger Bands Squeeze.
The SPX chart is more bullish for Thursday.
SPX Stock Market Outlook review of Wed Sep 10 2025
Stock Market Outlook: Technical Indicators Review
Momentum: Momentum is rising and positive.
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MACD Histogram: MACD (Moving Averages Convergence / Divergence) issued a down signal on Tue Aug 19 2025. On Wed Sep 10 2025 a new unconfirmed up signal was generated.
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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.
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Relative Strength Index: The RSI signal is rising.
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| Rate of Change: The rate of change signal is rising, signaling a higher close for Thu Sep 11 2025. 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 |
| 6535 is resistance |
| 6510 is resistance |
| 6500 is resistance |
| 6470 is resistance |
| 6450 is resistance |
| 6425 is resistance |
| 6400 is resistance |
| 6390 is resistance |
| 6365 is resistance |
| 6350 is resistance |
| 6325 is resistance |
| 6300 is resistance |
| 6250 is resistance |
| 6225 is support |
| 6200 is support |
| 6175 is support |
| 6150 is support |
| 6125 is support |
| 6100 is support |
| 6075 is support |
| 6050 is support |
| 6025 is support |
| 6000 is support |
Stock Market Outlook for Thu Sep 11 2025
For Thursday investors get the Consumer Price Index which is estimated to rise just 0.1% for August. The day starts with an unconfirmed up signal from the SPX MACD technical indicator. I am expecting it will be confirmed today by the close.
We could however also see stocks dip intraday but the outlook is for a higher close. For that reason any dips today is an opportunity to setup further trades in the SPX.
Potential Economic and Political Market Moving Events
Monday:
3:00 Consumer credit rose above estimates to $16.0 billion, well above the previous reading
Tuesday:
No reports
Wednesday:
8:30 Producer Price Index for August is expected to dip -0.1%
8:30 Core PPI is estimated to not change but come in at 0.3%
8:30 PPI year-over-year is estimated to fall to 2.6%
8:30 Core PPI year-over-year which is estimated to rise to 2.8% from 2.7% prior.
Thursday:
8:30 Consumer price index is expected to rise to 0.3%
8:30 Core CPI is estimated at 0.3%
8:30 PPI year-over-year is expected to fall to 2.6%
10:00 wholesale inventories are expected to rise to 0.1%