Prior Trading Day Summary
On Mon Oct 5 2026 stocks rallied despite rising bond yields. Oil prices remained under some pressure. Markets were mixed with some stocks like NVIDIA Stock (NVDA), Meta Stock (META), Microsoft Stock (MSFT), Tesla Stock (TSLA) leading stocks higher and others falling back including many tech names. By the close though the SPX was within easy reach of a new high and the NASDAQ had made another new high.
The SPX ended the day up 51 points to close at 7773. Volume rose to 6 billion with 62% of all volume being traded higher. New lows rose though reaching 236.
The NASDAQ ended the day higher, up 286 points to 27,477 on 8.1 billion shares traded. By the close 52% of stocks were rising on the index. New lows rose to 344. The index made a new intraday high of 27,544.
Let’s review the closing technical indicators from Mon Oct 5 2026 to see what they predict for Tue Oct 6 2026.
Stock Market Outlook: SPX Closing Chart For Mon Oct 5 2026
The index ended the day below the Upper Bollinger Band but above the 21 day moving average. This is mildly bullish.
The closing candlestick is bullish but with a top shadow which usually indicates dips to start the day on Tuesday.
The 21 day moving average is rising and closed at 7675. This is bullish.
The 50 day moving average is rising and closed at 7664. This is bullish.
The 100 day moving average is rising and closed at 7521. This is bullish.
The 200 day moving average is rising and closed at 7262. This is bullish.
The Lower Bollinger Band is below the 50 day moving average and falling which is bullish. The Upper Bollinger Band is rising which is also bullish.
The SPX chart is more bullish that bearish and is signaling the rally will see dips but should end higher.
SPX Stock Market Outlook review of Mon Oct 5 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 a down signal on Wed Sep 30 2026. An unconfirmed up signal was generated at the close on Mon Oct 5 2026..
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Ultimate Oscillator: The Ultimate Oscillator is rising. This is bullish.
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Slow Stochastic: The Slow Stochastic has an up signal in place and is bullish.
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Relative Strength Index: The RSI signal is rising. This is bullish.
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| Rate of Change: The rate of change is falling, signaling that Tuesday 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 Tue Oct 6 2026
Morning dips are likely to start the day on Tuesday. The SPX though will end the day higher and confirm the MACD up signal.
Potential Economic and Political Market Moving Events
Monday:
10:00 ISM Report on business services PMI for Sep was higher than estimated coming in at 58.8
Tuesday:
8:30 Trade Balance for Aug is estimated at -102 billion down from -88.8 billion prior