Bear Get Beaten Back: Those Big Red Bars Mean Nothing Now

In this week’s breakdown, Sami Abusaad reviews the major indices — and how he's positioning onto the end of October.

After a quick breakdown, the market reclaimed its 20-day moving average and pushed back into the upper third of the range. Sami notes that “the trend usually wins out.” And the trend looks up.

Sami also goes over:

• Why he's leaning mildly bullish, expecting the market to drift higher into month-end unless new weakness proves otherwise
• Why the monthly chart will be important when the October bar is completed
• An early-stage base breakout that’s “different from most charts out there,” showing promise if it continues to build strengt
• A long opportunity in Walmart (WMT), which recently broke out to all-time highs
• The bullish action in Tesla (TSLA) after it negated its big red bar
• Where Target (TGT) turns into an attractive long swing idea
• Potential long entries in ELBM, LU, and XERS
• The reason he's cautious about pressing shorts right now

4 Key Takeaways: 

1. Market trend remains up, but follow-through into month-end will confirm strength.
2. Focus on long setups showing relative strength and clean technical bases.
3. Keep an eye on weak names like Caesars (CZR) and Under Armour (UAA) for potential short plays if momentum flips.
4. Patience matters — Sam expects more momentum after month-end, not before.

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