Prior Trading Day Summary
On Mon Sep 21 2026 with bond yields dipping and oil falling below $100 investors rushed into stocks and gave the SPX its biggest one day rally since August 4 defying the bears and the many analysts calling for stocks to fall.
The SPX ended the day up 114 points to 7764, just a few points below its 52 week high. Volume was just 4.9 billion but 60% of volume was being traded higher and 54% of all stocks on the index were rising.
The NASDAQ rose 599 points to close at 27,122, a handful of points below its 52 week high of 272,190. 77% of volume was traded higher and 60% of al stocks were rising.
It was an impressive rally that exhibited strength throughout the entire day.
Let’s review the SPX closing technical indicators from Mon Sep 21 2026 to see what they predict for Tue Sep 22 2026 and whether the rally can continue.
Prior Trading Day Earned Income
On Mon Sep 21 2026 there were 9 trades with a total income earned of $6056.
This starts the fourth week of Sep with a solid footing.
Among the trades done on Monday, the Retiring Easy Portfolio and Million Dollar Challenge Portfolio had trades placed. Two other trades worth mentioning are Citigroup Stock (C) which had a shorter term trade placed ahead of its earnings Oct 13 and a trade in Morgan Stanley Stock (MS) that is setup with an 8.4% return for 3 weeks of risk. Members can review all of Monday’s trades through this list. Reviewing prior trades can be helpful and profitable as prices change constantly and prices often improve in the day(s) following trades being entered.
Stock Market Outlook: SPX Closing Chart For Mon Sep 21 2026
The index ended the day below the Upper Bollinger Band but well above all the major moving averages. This is bullish and signal a break out for the SPX.
The closing candlestick signals Tuesday will be higher although the candlestick also indicates many stocks are overbought.
The 21 day moving average is rising and closed at 7663. This is bullish.
The 50 day moving average is rising and closed at 7621. This is bullish.
The 100 day moving average is rising and closed at 7480. This is bullish.
The 200 day moving average is rising and closed at 7219. This is bullish.
The Lower Bollinger Band is above the 100 day moving average and falling which at present is bearish but a further decline on Tuesday would signal bullish. The Upper Bollinger Band is rising which is bullish.
The SPX chart is more bullish than bearish for Tuesday.
SPX Stock Market Outlook review of Mon Sep 21 2026
Stock Market Outlook: Technical Indicators Review
Momentum: Momentum is rising and positive. This is bullish.
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MACD Histogram: MACD (Moving Averages Convergence / Divergence) issued a down signal on Thu Aug 20 2026. On Mon Sep 21 2026 a new unconfirmed up signal was generated.
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Ultimate Oscillator: The Ultimate Oscillator is rising and bullish. It is nearing overbought signals.
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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 and overbought. This is bullish.
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| Rate of Change: The rate of change is rising, signaling that Tuesday will end higher. 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 Sep 22 2026
For Tue Sep 22 2026 all signals point to the index climbing still higher. Dips are likely based on the candlestick signaling some stocks are overbought, but any dips are opportunities as the index is positioned to move higher. Signals and readings are pointing to a probable break out of the SPX and NASDAQ indexes to new all-time highs.
Potential Economic and Political Market Moving Events
Monday:
No reports
Tuesday:
No reports