Market Pulse Weekly: S&P 500, NASDAQ 100, and IBIT BTC / Bitcoin
End of week: Friday, September 26, 2025
S&P 500
Market Regime: Uptrend
Weekly Consideration: Hold, effective Monday, September 29, 2025 at the open
Brief: The S&P 500 closed the week lower, signaling a pause in its powerful upward momentum. Despite the slight pullback, the index remains in a clear uptrend. As this is the final trading day of the quarter, the S&P 500 is poised to end Q3 with a significant gain, but the recent weakness warrants a cautious approach.
Quarter-End Summary: The S&P 500 had a very strong third quarter, reaching new highs. The quarter-end close, while slightly negative for the week, does not diminish the overall positive performance and robust market trend demonstrated throughout Q3.
NASDAQ 100
Market Regime: Uptrend
Weekly Consideration: Hold, effective Monday, September 29, 2025 at the open
Brief: The NASDAQ 100 experienced a weekly decline, interrupting its recent streak of gains. The index remains in a bullish market regime, but the lower weekly close suggests a temporary loss of momentum. This move could be a normal consolidation after a strong run.
Quarter-End Summary: The NASDAQ 100 delivered an exceptionally strong quarter, with technology and growth stocks driving performance. The index’s overall Q3 results highlight its continued leadership in the market, despite the slight pause at the very end of the quarter.
IBIT / BTC
Market Regime: Downtrend
Weekly Consideration: Sell/Hedge, effective Monday, September 29, 2025 at the open
Brief: IBIT and Bitcoin have pulled back this week, closing lower. The price action suggests that the momentum has shifted to the downside, indicating a bearish impulse. Caution is advised as the asset may be vulnerable to further selling pressure.
Quarter-End Summary: IBIT and Bitcoin have had a volatile third quarter. While showing periods of strength, the asset has failed to sustain its upward momentum and has ended the quarter on a bearish note, leaving it vulnerable to further declines.