American Stocks S&P 500 Fixed-Point Observation Week 3 of November 2025

S&P 500 November figures

● From the recent high of 6,920.34 (2025.10.29) to the recent low of 6,521.92 (2025.11.21), the decline is
5.76%.
● The estimated P/E on the high day is 22.4.
In recent years, it has often bottomed around a forward P/E of about 20.
● On 11/20, the Fear and Greed Index fell to 7, and
the VIX reached a high of 28.27.

S&P 500 Falcon Trade weekly chart, November 21, 2025 (Friday)

TradingViewS&P 500 Falcon Trade weekly chart, November 21, 2025 (Friday)

The weekly chart still shows a buy trend continuing.
On a contrarian signal, sell signals are appearing.

S&P 500 Falcon Trade daily chart, November 21, 2025 (Friday)

TradingViewS&P 500 Falcon Trade daily chart, November 21, 2025 (Friday)

From the high to the low, the decline is 5.76%, with a 3-wave drop.
On the daily chart, the selling trend remains, but a temporary rebound signal is visible.

↑　↑　↑　のchart is from TradingView.

S&P 500 Daily chart, Volume, November 21, 2025 (Friday)

moomoo SecuritiesS&P 500 Daily chart, Volume, November 21, 2025 (Friday)

The phenomenon of rising volume as price falls indicates that “selling pressure is strong and many market participants are trying to sell their shares.”
When such volume-inflated declines persist for a long period, a prolonged adjustment or fall often occurs; however, a “selling climax bottom” where a sharp rebound follows a surge in volume and a large price drop is also a common market phenomenon.

[Reference] In the major low of April 2025, volume surged significantly as shown below.

Volume surge at the major low in April 2025

S&P 500 Individual Stocks Weekly Performance

Source: finbiz

Stock Market Crash Buying, Selling at the Top to Maximize Candlestick Profitability: A Trading Strategy Report (US and Japan stocks)Please also read

This Week’s S&P 500

This week’s S&P 500 ended the week down about 2% overall, but on Friday it regained about 1% and closed somewhat higher.

• Compared with last week’s close, roughly down about 2% for the week, indicating a downward trend across the week.

• A tech-led pullback weighed on the market, with the Nasdaq down about 2.5%, while the S&P 500 showed a weaker trend.

• After declines through Thursday, Friday rebounded, and the S&P 500 closed up about 1% at 6,602.99.

• Still, for the week as a whole, it remained in the negative, as tech stock adjustments and swings in interest rates and rate-cut expectations continued to be market themes.

Next week (11/24–11/30), liquidity is expected to shrink due to U.S. PCE, U.S. GDP revisions, and various price and economic indicators worldwide, as well as the U.S. Thanksgiving and Black Friday.

Major economic indicators and events to watch next week

11/24 (Mon)
There are hardly any major economic indicators on the calendar, so it is likely to be a day of waiting for data.
[Earnings] Agilent Technologies, Keysight Technologies, Zoom Video Communications, etc.

11/25 (Tue)
U.S. Conference Board Consumer Confidence Index, S&P CoreLogic Case-Shiller Home Price Index, housing indicators for existing and new homes, etc.—a focus on U.S. consumption and housing data.
[Earnings] Best Buy, Alibaba Group Holding, Analog Devices, HP Inc., Autodesk, Zscaler, etc.—concentrated on retail and tech.

11/26 (Wed)
Durable goods new orders, U.S. goods trade balance (previous month release), GDP revision (Second estimate), personal income and PCE deflator (inflation), Philadelphia Fed nonmanufacturing index, New home sales data, etc.—several notable indicators released on the same day.

11/27 (Thu)
Less data due to Thanksgiving; U.S. markets closed. No trading in stocks or bonds. No major economic indicators due, leading to globally reduced liquidity.

11/28 (Fri)
No major economic indicators on the calendar; due to the prior trading holiday, market participation is expected to be thin.
On Black Friday, U.S. markets will have shortened trading hours; Germany retail sales, Germany CPI, Swiss GDP, and Canada GDP are on the schedule.