10/10/25 Bulls Want Weekly Candlestick to Close at High

Thursday’s candlestick (Oct 9) was a bull bar closing near its high with a small tail above.
In our last report, we stated that traders would observe whether the bulls could generate more follow-through buying above the September 17 high, or if the market would stall around that level instead.
The market continued to trade higher, testing near the August high.
The bulls got a retest near the August high.
They want a breakout above the August high, followed by a resumption of the trend.
They must create a strong breakout above the August high, accompanied by follow-through buying, to increase the odds of the market trading higher.
The bears see the current move as a buy vacuum retest of the August high.
They want a reversal from a double top bear flag (Aug 19 and Oct 9), and a larger double top bear flag with the February high.
If the market trades higher, they want a failed breakout above the August high.
Production for Oct should be down. SPPOMA's first 5 days increased up 12%.
Refineries' appetite to buy remains decent.
Export: Oct down in the first 5 days.
The bulls want the weekly candlestick to close near its high. That would increase the odds of next week trading at least a little higher.
The bears want a strong bear bar today so that the weekly candlestick will have a prominent tail above.
For today (Friday, Oct 10), traders will see if the bulls can create another strong bull bar.
Or will the bears be able to create a bear bar instead?