• Click on the “expand arrows” to see the Technical Overview section for each of the indexes.
• Click on the charts and images for the full size.
• A brief video overview of the SIR Daily Snapshot Premium Version is available here: https://www.loom.com/share/1cc008ef6bca42a5bcdd81bde0a3bed4
  
• A replay of the webinar going over the S&P 500 Daily Snapshot Lite is available here: https://askslim.com/snapshot-lite-overview-webinar-10-11-23/

It is a fundamental truth that the inherent nature of the markets always offers the possibility that anything can happen. Risk is always present for upside and downside surprises. As traders, we should be cognizant of this fact and structure our trade planning and risk management accordingly – whether the technical evidence is clearly bullish, bearish or neutral with mixed signals. At askSlim we are bull/bear agnostic. The market messages drive our technical outlook. The information contained in the SIR Daily Snapshot is the result of a proprietary blend of trend, momentum, swing high/swing low techniques and cycle analysis. We look for alignment at multiple timeframes in the technical evidence to be able to provide the highest probability of the overall trend/pattern structure, short-term directional bias, key support & resistance levels as well as upside and downside price projections.  

The NDX closed down about 64 points at 31,160.07

To see all of the NDX Charts, Projections, Overviews, Trend Conditions, and Momentum analysis put out every trading day in our Stock Index Report (SIR) Daily Snapshot, join our Level 1 membership level today!

The RUT closed down about 37 points at 2793.20

To see all of the RUT Charts, Projections, Overviews, Trend Conditions, and Momentum analysis put out every trading day in our Stock Index Report (SIR) Daily Snapshot, join our Level 1 membership level today!

                    

2-HR Chart with Slim Ribbon Momentum Indicator, Reversal Scout and Key S-T Support & Resistance Zones

Like these charts? With a Level 2 askSlim membership, you can utilize our LIVE SPX charts during market hours for less than $3 per trading day! You’ll also get 24/7 access to over 150 static charts for the most popular symbols in our new “Charts Hub”. Here’s what some of our members have said about our charts…

“If you are day trading then Matt’s intraday charts are really amazing. The price levels Matt identified were perfect reaction points”- Brad B.

“This new Charts Hub is spectacular” – Mike K.

“The way you guys map out the zones is unbelievable with accuracy & when the price hits those zones. I wish I had that skill WOW thanks AskSlim Crew” – Thomas R.

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Slim’s Annotated SPX Daily Chart with additional Slim Ribbon Momentum Indicator and Reversal Scout

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Slim’s Annotated SPX Weekly Chart with “Reversal Scout” 

The full SPX Intermediate-Term & Long-Term Outlooks including Price Projections, Upside/Downside Overviews, Trend Conditions, and Momentum analysis are published by 8PM CST every trading day in our premium Stock Index Report (SIR) Daily Snapshot.
Click here to sign up for a Level 1 askSlim.com membership today to see the full report!

askSlim Trend & Momentum Tracker

INDEX

L-T Trend Condition

L-T Momentum Condition

I-T Trend Condition

I-T Momentum Condition

S-T Trend Condition

S-T Momentum Condition

N-T Trend Condition

N-T Momentum Condition

MCI READING (-100 to +100), >25 =positive <-25=negative)

MCI RATE OF CHANGE FROM PREVIOUS UPDATE

SPX

90

+8

NDX

96

-4

RUT

-92

-8

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2hr Intraday Area Chart “Comparison” with SLIM Ribbon Momentum Indicator & MCI

tastytrade, Inc. (“tastytrade”) has entered into a Marketing Agreement with Ask Slim (“Marketing Agent”) whereby tastytrade pays compensation to Marketing Agent to recommend tastytrade’s brokerage services. The existence of this Marketing Agreement should not be deemed as an endorsement or recommendation of Marketing Agent by tastytrade and/or any of its affiliated companies. Neither tastytrade nor any of its affiliated companies is responsible for the privacy practices of Marketing Agent or this website. tastytrade does not warrant the accuracy or content of the products or services offered by Marketing Agent or this website. Marketing Agent is independent and is not an affiliate of tastytrade. 

• Our use of “Near-Term” refers to the use of 2hr intraday charts and other analysis that is assimilated from market data over the last 5-7 trading days to assist with a trade set-up outlook period of the next 1-5 market sessions or so. Our use of “Short-Term” refers to the use of primarily daily charts and other analysis that is assimilated from market data over the last few to several weeks to assist with a trade set-up outlook period of the next 1-3 weeks or so. Our use of “Intermediate-Term” refers to the use of primarily weekly charts and other analysis that is assimilated from market data over the last several weeks to several months to assist with a trade set-up outlook period of the next 3-8 weeks or so. Our use of “Long-Term” refers to the use of primarily monthly charts and other analysis that is assimilated from market data over the last several months to several years to assist with position trade set-ups with an outlook period of greater than two months.