09/27/2025 Weekend Update

[Cobra]

Down 1 week, the next week has 59% chances to close up.

[grandeG]

As I mentioned last weekend, it’s been one hell of a move up since the lows. From a broader standpoint, I believe there is some solid support in the 6300 area which can be tested before the next move up. I continue to see every day pundits pointing this out as well. I guess we will have to wait and see if what the experts are pointing to comes true. Also, there is the potential for this head and shoulders pattern to play out. Charts below. Not saying tomorrow, but that’s where my swing is currently positioned. Again take it with a grain of salt. Maybe I know nothing.

[grandeG]

My last thoughts. In order for us to get down to the 6300 area we have to convincingly break below 6500. And then of course 6427 but first things first. If we can get down to that 6500 area I will be taking a look at the technicals to see if we can get any lower.