Weekend Report for Monday, November 10, 2025
Bottom Line:
US stock indices rallied very strongly off intraday lows on Friday, closing almost on exact top tick. This is particularly important because every one of the indices rallied from its respective “critical” downside level.
There *should* be immediate follow-though under a bullish assumption. Any retracement should hold no lower than Friday’s intraday 50% retracement level.
An Immediate direct rip to new highs is at odds with “typical” market structure. We should have a better idea of the potential paths of development by mid-week.
PDF: Weekend Report_2025_11_10
VIDEO: https://youtu.be/eqnS33A4Tjw
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SPX
Upper KRA: 6821-2852
Lower KRA: 6629
NDX
Upper KRAs: 25132; 25555-25626
Lower KRAs: 24640-24485; 24238-24164
DOW
Upper KRA: 47337-47466
Lower KRA: 46478
NYA
Upper KRA: 21464
Lower KRA: 21152
RSP
Upper KRA: 188
Lower KRA: 185
RUT
Upper KRA: 2473
Lower KRA: 2393
VIX has not reached anything resembling extreme.
Internals
The 10-day MA of NYSE advancing issues has contracted to a level from where the the last three times it was reached, and all three have occurred since the April low. Each occurrence was an important low leading to immediate rally.
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US Dollar – Weekly
The Dollar may be breaking out of a multi-week Balance Area.
US 10-yr Notes – Weekly
Notes have established higher highs and lows within the larger range.
Gold
If the uptrend in Gold is intact the pattern below suggests there is a high probability of rally next week.
Crude – Weekly
Weekly lower lows and highs.
Bitcoin
