In its latest S&P 500 Chart Book, 10x Research notes that securing an attractive entry point for U.S. equities is becoming increasingly difficult unless the tech sector undergoes a correction following this week’s earnings.
The firm points out that such a correction would require a major challenge to the AI-driven market narrative, an outcome it views as unlikely, given that companies can continue to guide for higher AI-related capital expenditures, which investors have consistently rewarded.
S&P500 Chart Book – Most Important Daily, Weekly, Monthly Charts
Securing an attractive entry point is increasingly difficult unless the tech sector corrects after this week’s earnings — which would require a meaningful challenge to the AI narrative.
That outcome currently… pic.twitter.com/IW0hJ9D2dS
— 10x Research (@10x_Research) October 28, 2025
The S&P 500 currently trades above its upper Bollinger Band at $6,833, signaling potential pullback risk. According to the report, more attractive entry zones lie near $6,745 or at the lower band of $6,616. The index remains technically overextended, suggesting a cooling phase may be needed to reset momentum.
On the crypto front, Bitcoin’s Relative Strength Index (RSI) stands at 65%, paired with a Stochastics reading of 88%, both flashing bullish indications. However, 10x Research warns that should the RSI climb above 70% and Stochastics exceed 90%, bearish conditions could emerge. Conversely, a dip in both indicators below 30% and 10%, respectively, would hint at a bullish reversal zone.
At present, Bitcoin remains 5.3% away from triggering a trend change, maintaining a bullish structure. Analysts identify $6,119 as a key short-term pivot for determining bullish or bearish momentum, while $6,292 serves as the major bull/bear level.
With both traditional and digital markets exhibiting high technical sensitivity, 10x Research concludes that the AI investment cycle and crypto’s resilience continue to define the current risk-on environment, though short-term volatility remains elevated across sectors.
