Prior Trading Day Summary
On Monday investors were treading water as they waited for earnings from a number of companies including Palantir Tech. Earnings beat estimates and soared above last year for the same quarter.
The SPX ended the day up 11 points at 6851 with 42% of all stocks rising. Volume was lower at 6.1 billion shares.
The NASDAQ rose 109 points to close at 23834. 10.6 billion shares traded with only 38% of all stocks higher. However 51% of volume was being traded on advancing stocks which is what assisted the index to close positive.
On Monday the technical indicators took a hit but Tuesday might see some strength return as investors weigh the earnings results of companies like Palantir Tech (PLTR).
Let’s review the closing technical indicators from Mon Nov 3 2025 to see what to expect for market direction on Tue Nov 4 2025.
Stock Market Outlook: SPX Closing Chart For Mon Nov 3 2025
The index closed below the Upper Bollinger Band but at the high of the day. This is bullish.
The closing candlestick is bullish for Tuesday but with a shadow which indicates dips are likely again today. At present however dips will not last long as investors are watching for opportunities to jump into various stocks, if they pull back.
The 21 day moving average is rising and closed at 6744 which is bullish.
The 50 day moving average is rising and closed at 6647 which is bullish.
The 100 day moving average is rising and closed at 6468 which is bullish.
The 200 day moving average is rising and closed at 6216 which is bullish.
The Lower Bollinger Band is below the 50 day moving average but trending sideways which is bullish. The Upper Bollinger Band is moving higher which is bullish.
The SPX chart is more bullish than bearish. All moving averages are above 6100 which is bullish for further advances.
SPX Stock Market Technical Outlook review for Mon Nov 3 2025
Stock Market Outlook: Technical Indicators Review
Momentum: Momentum is falling and positive. It is no longer at overbought levels.
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MACD Histogram: MACD (Moving Averages Convergence / Divergence) issued an up signal on Fri Oct 24 2025. On Mon Nov 3 2025 the up signal lost more strength which you can readily see in the histogram.
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Ultimate Oscillator: The Ultimate Oscillator is falling.
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Slow Stochastic: The Slow Stochastic has a down signal in place. It is also overbought.
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Relative Strength Index: The RSI signal is rising.
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| Rate of Change: The rate of change is rising, signaling a higher close is expected. 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 Tue Nov 4 2025
For Tue Nov 4 2025 the technical signals are mixed. The signals pointing lower are showing momentum is falling from the rally. The signals that are pointing higher are still rising, but there are only 3 such signals now. The MACD signal which has been the most accurate for the past two years, is losing strength each day. Unless momentum can strengthen we will see another down signal this week.
For Tuesday expect another volatile day with dips but a higher close is expected thanks particularly to strong earnings from Palantir Tech (PLTR) which I expect will rise strongly today.
Potential Economic and Political Market Moving Events
Monday:
8:30 Durable goods orders – No reports will be released Monday due to the ongoing government shutdown.
Tuesday:
No reports will be released today due to the ongoing government shutdown.