October 7, 2026

By Nigam Arora

To gain an edge, this is what you need to know today.

Treasury Auction Will Be The Test

Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX).

Note the following:

• The chart shows the stock market made a new all time high yesterday and closed at an all time closing high.
• The chart shows that after going above the top band of zone 1 (resistance), yesterday the stock market pulled back to close near the top band of zone 1.
• The chart shows this morning the stock market is pulling back deeper into zone 1.