Market Summary:

Tariff talk affects Equities and commodities, but not currencies. Copper crashes.  Gold rallys with the USD.  Silver tests 50 and sells off.

Crude move higher failed, crashes.  Natural Gas move up fails, continues lower.

The US 30yr Treasury up but still seeing resisitance.
The 10yr yields drop to the 4.05’s. The expected oversold level for the 10yr yield rises to 4.06%

The US Dollar rises and falls on rate moves. ( and now tariff talk )

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S&P 500 Futures   #ESZ25

Monthly –Monthly bar trading down deep into the prior month bar. Trade pressures are up. Volumes closed the month of September as bullish.  The 6812 price is the new adjusted high. The next target up is 6833. A close below 6489 would confirm any weekly move lower.

Weekly – The weekly bar drops to test the support at 6567.  Trade pressures are up. Volumes are now bearish.  The next target up is 7036.  A close below 6481 would confirm any daily move lower.

Daily – Flat. Two short triggers at 6761. The first was stopped out but this drop on 10/10 flushed them all out. Trade pressures are down into the neutral zone.  Volumes are bearish.

The next target down 6461.  The expected oversold level rises to 6651.

A close above 6584 would signal higher. We’ll wait to see if the TACO happens. The expected overbought level rises to 6778.

[OB/OS trend is rising.]

[10-12-25: Sun nite futures open up at 6631. Resistance at 6679.]

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