Market Summary:

Copper long but in pullback.  Gold and Silver sell down to targets and in a bounce.

Crude a new long.  Natural Gas breaks resistance, choppy.

The US 30yr Treasury stopped out of long trade.
The 10yr yields trade above 4.00%. The expected oversold level for the 10yr yield declines to 3.92%

The US Dollar rises.

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S&P 500 Futures   #ESZ25

Monthly –Monthly bar trading rallies to new highs. Trade pressures are up. Volumes closed the month of October as bullish on rising volumes.  The 6953 price is the adjusted high. The next target up is 7148. A close below 6643 would confirm any weekly move lower.

Weekly – The weekly bar rallies off the support at 6581 to new highs.  Trade pressures are up. Volumes remain bullish. The next target up is the upper median line parallel at 7097.  A close below 6680 would confirm any daily move lower.

Daily – Flat. In the corrective move down; forming a bull flag. Need a trade above 6908 to break out of the new bull flag. Trade pressures are down into the neutral zone. Volumes remain bullish.

The bull flag support is at 6832. The next target up is 7027. The expected overbought level rises to 6948.

A close below 6843 would signal lower.The expected oversold level rises to 6720.

[ 11-2-25: Set any long SL at 6827. Looking for a rally off support.]

[OB/OS trend is rising.]

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