Tuesday, September 30, 2025

Market Commentary for Tuesday, September 30, 2025, by Peter Cook


We are struggling overnight, and the tape looks weak.  Bitcoin #BTCUSD backed off the Sunday gap up in the futures (yes, I know Bitcoin trades 24/7).  Typically, a gap up on Sunday like that for Bitcoin is bearish. 

Yesterday's candle is bearish for today, only 44% chance of higher.  

Shutdown stuff is the main thing we'll keep an eye on today.  Kalshi has the odds around 76% now and rising.  Cramer says the shutdown doesn't matter and market should be fine.  That should be concerning for us. 

My metrics suggest today is a poor day for day trading, so I'll skip it. 

We are resting on top of support there around 663 on #SPY,  under that is negative gamma and we could break weekly support.  

Levels:


All the best;

 


Peter Cook
#NQ_F Chatroom Chief Moderator
Hamzei Analytics, LLC


This email went out to Members at 0827 ET on Sept 30th.

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