An update of the 18 October advisory. The November break demands a fresh test of that contained-stress case. Broader damage and sharper AI financing strains weaken the benign interpretation, without establishing an imminent crash.
SPX opened inside the 7340–7455 projected range.
SPX opened inside the 7340–7455 projected range.
The print sits on the 7405 hold, with 7400 (+35.5) the strongest hold 4.9 points under. Positive holds at 7410 and 7420 sit above, each under a cap. Final EOD levels form in the last 10 minutes.