Moar Sideways - Market Analysis for Oct 13th, 2026

Yes, I continued to wait today for the market to give us some indication as to its intention on striking a higher high and into our target box. But, again, it has left me wanting for more clues.

And, since I am only able to provide you that to which the market provides to me, unfortunately, I am unable to add anything to the prior analysis.

But, I do want to point out something about IWM, which I posted earlier in the trading room. As you can see from the daily chart, we are at the bottom of the uptrend and hanging around the 200DMA. But, the point I want to make is that the daily MACD has now dropped to a region from which prior rallies have begun and it has begun to turn up. While I am not saying this will lead to the same type of rallies we have seen in the past, I do think it would seem to be due at least a corrective bounce. So, for now, that is my expectation. Support at this time is 270-273.