S&P 500 Market Analysis - 10/10/2025

S&P 500 Daily Chart

Since the government shutdown began on October 1st, our Smart Money Energy Indicator has displayed a declining yellow line, reflecting a steady erosion of Smart Money entering the market. Today, the S&P 500 slipped below both its 10- and 20-day moving averages as well as the trendline of its rising channel and ended slightly above its 50-day moving average. To sustain a bullish outlook, the market needs to hold above the 50-day moving average and the 10-week moving average. If price falls below the 50-MA and struggles to get above it, then we could see further downside and head back to June 2025 highs.

Disclaimer:

I am not a licensed financial advisor, and the information provided is for educational and informational purposes only. It should not be considered financial, investment, or tax advice. Please consult with a qualified financial professional before making any financial decisions.