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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 683.34+0.2%Nov 3 4:00 PM EST

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To: Johnny Canuck who wrote (66101)9/26/2025 2:15:03 AM
From: Johnny Canuck  Read Replies (1) of 67577
 
Index Update September 25 2025

SP500 touched the 20 day EMA and closed where it opened so it represents an indecision day. It is also day 3 of consecutive down days in row. Expect a counter rally. If the 20 day EMA break it means it is start of something more serious. So far there seems to be so rotation going on so not massive exit yet.



DOW mirroring the SP500.



Continuing story is the lag of the DOW transports.



DOW utilities indicating weakness as it sets a lower high near the 52 week high.



TLT tested 20 day EMA and rallied but it left the index in a neutral zone.



USD bounced to resistance. We will see if the bounce is a dead cat over the next few days.



COMPQ mirroring DOW and SP500.



Russell 2000 mirroring major indices but as it is below the 52 week high again it is weaker than the major indices. Traders will be going risk off soon if it does not bounce.



Financials stopped right at the 20 day EMA. It is also testing the previous 52 week high. A break of the 20 day EMA indicates some short term weakness in the economy.



Energy looking to test the top of the long term side ways channel.



Gold seeing some health profit taking. Alright for now.



Consumer discretionary breaking 20 day EMA. Short term sell signal setup triggered. Another down day tomorrow confirms the sell signal.



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