Prior Trading Day Summary
On Wed Sep 23 2026 stocks gave back some of their recent gains as Treasury Yields rose on the back of climbing oil prices. 30 year yields were at their highest level since 2004. As well flash manufacturing PMI and Services PMI for September jumped more than estimated renewing predictions of another Fed rate increase in October.
The SPX ended the day down 58 points to 7706 on volume of 5.2 billion shares with 75% of that volume being traded lower. By the close 78% of al stocks were falling. New 52 week lows jumped to 366 by the close.
The NASDAQ fell 308 points to close at 26,936. Volume was 9.8 billion with 65% of volume trading lower. The close saw 75% of stocks on the index falling. New 52 week lows rose to 427, the highest number since March 30 when 534 new lows were recorded.
Let’s review the SPX closing technical indicators from Wed Sep 23 2026 to see what they predict for Thu Sep 24 2026 and whether the selling will continue for a second day.
Prior Trading Day Earned Income
On Wed Sep 23 2026 there were 9 trades with a total income earned of $4175.
Among the trades done on Wednesday was a trade in Boeing Stock (BA) near the close of the day and a trade in SMH ETF a month out with a high level of protection and good return expected. Members can review all of today’s trades through this list. Reviewing prior trades can be helpful and profitable as prices change constantly and often improve in the day(s) following trades being entered.
Current Week:
On Tue Sep 22 2026 there were 7 trades with a total income earned of $4064.
On Mon Sep 21 2026 there were 9 trades with a total income earned of $6056.
Stock Market Outlook: SPX Closing Chart For Wed Sep 23 2026
The index ended the day below the Upper Bollinger Band and above all major moving averages. This is bullish but the index looks set to test the 21 day moving average.
The closing candlestick is bearish and signals Thursday will close lower.
The 21 day moving average is rising and closed at 7670. This is bullish.
The 50 day moving average is rising and closed at 7629. This is bullish.
The 100 day moving average is rising and closed at 7490. This is bullish.
The 200 day moving average is rising and closed at 7228. This is bullish.
The Lower Bollinger Band is above the 100 day moving average and falling which is bullish. The Upper Bollinger Band is turning sideways which neutral.
The SPX chart is more bullish than bearish for Thu Sep 24 2026 but there are signs the index will close lower today.
SPX Stock Market Outlook review of Wed Sep 23 2026
Stock Market Outlook: Technical Indicators Review
Momentum: Momentum is falling and positive. This is bullish.
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MACD Histogram: MACD (Moving Averages Convergence / Divergence) issued an up signal on Mon Sep 21 2026. The up signal was unchanged on Wed Sep 23 2026.
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Ultimate Oscillator: The Ultimate Oscillator is falling and bearish.
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Slow Stochastic: The Slow Stochastic has an up signal in place and is bullish. It is overbought.
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Relative Strength Index: The RSI signal is falling sharply. This is bearish.
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| Rate of Change: The rate of change is falling, signaling that Thursday will end lower. 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 |
| 7800 is resistance |
| 7780 is resistance |
| 7750 is resistance |
| 7700 is resistance |
| 7650 is resistance |
| 7600 is resistance |
| 7590 is resistance |
| 7570 is resistance |
| 7550 is resistance |
| 7500 is support |
| 7450 is support |
| 7425 is support |
| 7400 is support |
Stock Market Outlook for Thu Sep 24 2026
AFor Thu Sep 24 2026 the technical indicators are pointing to lower day even if stocks try to rally intraday. Oil and Treasury yields will have to dip lower for stocks to not fall further on Thursday.
Potential Economic and Political Market Moving Events
Monday:
No reports
Tuesday:
No reports
Wednesday:
9:45 US Flash Manufacturing PMI for Sep was much higher than estimated coming in at 57
9:45 US Flash Services PMI was also higher than estimated coming in at 58.7
Thursday:
8:30 Weekly Initial Unemployment Insurance Claims for Sep 19 are estimated to climb to 201,000
10:00 New home sales for August are estimated at 618,000, up from 607,000 prior