Market Pulse: S&P 500, NASDAQ 100, and IBIT BTC / Bitcoin
End of Week: Friday, October 17, 2025
SPX (S&P 500)
Market Regime: Uptrend
Weekly Consideration: Buy (effective Monday, October 20, 2025, at the open)
Brief:
The S&P 500 finished the week on a positive note, closing higher than the previous Friday’s close and maintaining its overall bullish market regime. This weekly action confirms an intermediate upward impulse, suggesting continued strong momentum heading into the next trading session.
NDX (NASDAQ 100)
Market Regime: Uptrend
Weekly Consideration: Buy (effective Monday, October 20, 2025, at the open)
Brief:
The NASDAQ 100 demonstrated significant strength this week, closing higher than last Friday and holding firmly within its bullish regime. The weekly price movement validates an intermediate upward impulse, indicating continued strength in the major technology and growth-oriented sectors.
IBIT (iShares Bitcoin Trust)
Market Regime: Downtrend
Weekly Consideration: Sell/Hedge (effective Monday, October 20, 2025, at the open)
Brief:
The IBIT/Bitcoin-linked instrument closed the week lower than the previous Friday, failing to improve its positioning within a defined bearish regime. This weekly action validates an intermediate downward impulse, advising caution and a defensive posture on the asset’s near-term directional stability.
Macro Summary
The broader market context remains centered on the delicate balancing act faced by central banks, particularly the Federal Reserve, who must navigate between sustaining economic momentum and managing persistent inflationary pressures. Inflation is projected to remain above target in the United States, keeping the general policy tone measured.
The complicating factor is a mixed economic picture where strong GDP growth clashes with potential employment concerns. Major U.S. equity indices ended what was broadly described as a volatile week with gains, signaling a resilient yet complex market environment.