Morning Color

October 9, 2025

Good Thursday morning,

And of course it is up, up and away again!!! LOL As we said yesterday, even though Tuesday was a bearish day, it was a short-term signal at most. As mentioned:

"Yes, it will be a coin toss-type day today. Yesterday, a liquidation break occurred, and the profile formed a "b" pattern, indicating that traders and investors had become too "net long," causing the market to correct slightly. That being said, there is absolutely zero follow-through to the downside in the overnight and this morning, so the levels below will be key!"

And key they were! The non-stop grind higher continued, ESPECIALLY after 6,769 key level held like a champ, and upper targets were nailed! It was all bulls once the price went back above that important level early yesterday, and new all-time highs were hit yet again, making it #31 for 2025. This morning, new all-time highs were hit again, making it #32. Just bananas!

📊 In the profile pic and key levels, futures are relatively flat; however, price is near the prior day's high, and this will be the first key level for today. If the price can stay above 6,803.50, then buyers retain the edge, so look for upper targets. If sellers take the price below 6,083.50, then the POC is next at 6,800.25, then the overnight low at 6,794.50, then the top of the spike and half-back at 6,784. This will be very key! Any move below that level would open the door for more liquidation and potential serious change.

Futures are currently trading at 6,803 at the time of this writing.

🧭 VPOC Update: Yes, you may have guessed, another new VPOC has been added below at 6,757.50, making this now the 10th below with none above!

Current VPOCs: