Daily Summary: September 23rd

The Sell Signal Triggered at 6,700- What's Next

In our latest SubStack from Sunday, we outlined two possible trajectories for the market.

Both scenarios predicted a Sell Signal around 6,700—and sure enough, that’s exactly what materialized.

With that trigger behind us, the next step is to zero in on which downside target the market will ultimately hit.

Let’s get into it.

This Week’s Forecast

The Daily Buy Signal came in truncated—just as I flagged over the weekend as a potential occurrence.

This marks the first such truncation in six months, making it a genuine outlier.

I called it out because of this week’s expected bearish flow.

Quick refresher: We’re navigating two headwinds this week that could keep the pressure on:

• The stock buyback blackout kicked off yesterday

• The classic “Sell Rosh Hashanah, buy Yom Kippur” stretch spans September 23rd through October 1st.

That puts us smack in a five-day volatility hot zone, where swings tend to sharpen.

That’s why I’m sketching out both a bullish and bearish playbook for the remainder of the week.

Here are the two paths I laid out in Sunday’s SubStack—with a few tweaks to reflect the latest price action.