Based on the following, a decline is still expected. This could be a repeat of late 2024 to early 2025, or another variation created by Market Maker actions before moving up again. .
The S&P500 RSI continues to follow a 19.23 degree support line, as shown below. This is similar to late 2024 and early 2025, as well as 2000.
On Friday October 10, 2025 Market Makers were very selective in their accumulation process with Dow stocks. Size was limited to accumulated inventory that could be distributed to investors over a relatively short period of time while prices increase slowly.
In the background optimism is still high with investors holding a significant number of call options according to the CNN Put and Call Options chart.
Like the musicians in an orchestra, the (Market Makers formerly known as) specialists who conduct the movements of each of the Dow stocks work on behalf of their own interests while at the same time working for the fulfillment of the objectives of the system as a whole.
Richard Ney, Making it in the Market, 1975, page 98
Note that this information is for educational purposes only and not a recommendation.
Stock charts courtesy of StockCharts.com.
