Prior Trading Day Summary
On Mon Sep 29 2025 stocks climbed higher but saw much of the early rally lost by the close.
The SPX rose 17 points to end the day at 6661. Volume rose to 5.4 billion. There were 119 new highs and 45 new lows. By the close only 47% of all stocks were rising.
The NASDAQ rose 107 points to end the day at 22,591. Volume rose to 9.3 billion. By the close, 53% of all stocks on the index were rallying.
Lets review the closing technical indicators from Mon Sep 29 2025 to see if stocks can continue to advance on Tue Sep 30 2025.
Stock Market Outlook: SPX Closing Chart For Mon Sep 29 2025
The index rallied higher and closed above the 21 day moving average but below the Upper Bollinger Band.
The closing candlestick is bearish for Tuesday and points to a number of potential dips today.
The 21 day moving average is rising and closed at 6573 which is bullish.
The 50 day moving average is rising and closed at 6467 which is bullish.
The 100 day moving average is rising and closed at 6288 which is bullish.
The 200 day moving average is rising and closed at 6065 which is bullish.
The Lower Bollinger Band is turning higher which is bearish at present. The Upper Bollinger Band is moving higher which is bullish.
The SPX chart is more bearish than bullish for the final trading day of September. All moving averages are above 6000 which is bullish for further advances.
SPX Stock Market Outlook review of Mon Sep 29 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 Thu Sep 25 2025. That down signal was continuing on Monday.
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Ultimate Oscillator: The Ultimate Oscillator is falling.
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Slow Stochastic: The Slow Stochastic has a weak down signal in place and is no longer 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 unchanged. 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 |
| 6700 is resistance |
| 6675 is resistance |
| 6650 is resistance |
| 6625 is resistance |
| 6600 is resistance |
| 6590 is resistance |
| 6570 is resistance |
| 6535 is resistance |
| 6510 is resistance |
| 6500 is resistance |
| 6470 is resistance |
| 6450 is resistance |
| 6425 is resistance |
| 6400 is resistance |
| 6390 is resistance |
| 6350 is support |
| 6325 is support |
| 6300 is support |
| 6250 is support |
| 6225 is support |
| 6200 is support |
| 6175 is support |
| 6150 is support |
| 6125 is support |
| 6100 is support |
Stock Market Outlook for Tue Sep 30 2025
For the final trading day of September, the S&P chart and the technical indicators are indicating Tuesday will see some dips and probably close slightly lower.
Potential Economic and Political Market Moving Events
Monday:
10:00 Pending home sales were much stronger than estimated, coming in at 4.0%
Tuesday:
9:00 S&P Case-Shiller home price index is estimated to have dipped to 1.9%
9:45 Chicago business barometer is estimated at 43.8
10:00 Job openings are expected to dip to 7.1 million from 7.2 million prior.
10:00 Consumer confidence is estimated at 96.0 versus 97.4 prior