Market Summary:

Copper consolidates for two days and runs again.  Gold keeps going to big round number of 4000.  Silver continues the move higher but now at the 48.50 target.

Crude move higher failed, now at support.  Natural Gas move up fails, looking for a move up off support.

The US 30yr Treasury up but still seeing resisitance.
The 10yr yields rise to the 4.20’s. The expected oversold level for the 10yr yield rises to 4.04%

The US Dollar rises and falls on rate moves.

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S&P 500 Futures   #ESZ25

Monthly –Monthly bar trading again above the prior month high. Trade pressures are up. Volumes closed the month of September as bullish.  The 6800 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 continues to make new highs.  Trade pressures are up. Volumes remain bullish.  The next target up is 7029.  A close below 6605 would confirm any daily move lower.

Daily – Flat. Still in uptrend, but near OB territory and 6761 short entry . Trade pressures are up.  Volumes are bullish.

The next target up is 6822. The expected overbought level rises to 6749.

A close below 6761 would trigger a short entry.  The expected oversold level rises to 6605.

[OB/OS trend is rising.]

[10-7-25: Short from 6761. Set the SL at 6794.]

[10-8-25: Stopped out at 6794.]

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