Market Pulse Weekly: S&P 500, NASDAQ 100, and IBIT BTC / Bitcoin
End of Week: Friday, November 21, 2025
SPX (S&P 500)
Market Regime: Downtrend
Weekly Consideration: Sell/Hedge (effective Monday, November 24, 2025 at the open)
Brief:
The S&P 500 demonstrated clear weakness, closing lower for the week. This intermediate down impulse occurred within a broader Downtrend regime, suggesting that recent selling pressure reflects continued underlying market caution. The lower weekly close reinforces the bearish signal, indicating that downside momentum remains dominant.
NDX (NASDAQ 100)
Market Regime: Downtrend
Weekly Consideration: Sell/Hedge (effective Monday, November 24, 2025 at the open)
Brief:
The NASDAQ 100 experienced a notable decline, ending the week with a lower close. This intermediate down impulse confirms that the index is operating within a defined Downtrend regime. The performance signals rising investor hesitancy toward technology and growth sectors, with the inability to stabilize reinforcing the bearish outlook for the week ahead.
IBIT (Bitcoin / BTC)
Market Regime: Downtrend
Weekly Consideration: Sell/Hedge (effective Monday, November 24, 2025 at the open)
Brief:
IBIT, representing Bitcoin exposure, mirrored broader risk markets by registering a lower weekly close. This weakness activated an intermediate down impulse, placing the asset firmly within a Downtrend regime. The digital asset continues to show sensitivity to risk-off conditions, suggesting a short-term need for defensive positioning.
Macro Summary
Broader market sentiment this week was shaped by continued evaluation of central bank policy and its potential impact on economic growth. Inflation data remained in focus, heavily influencing expectations for upcoming interest rate decisions. Geopolitical risks added to background volatility, while corporate earnings reports displayed mixed signals, increasing investor caution. The benchmark 10-year Treasury yield moved higher, reflecting a higher-for-longer rate outlook and contributing to the overall defensive tone across markets.