Market Summary:

Copper sells off to pre-breakout levels. Gold and Silver give up their spike highs.

Crude showing higher lows, but meets resistance.  Natural Gas basing with higher lows, also.

The US 30yr Treasury needs to breakout above Bull Flag.
The 10yr yields trade above 4.15%.
The expected oversold level for the 10yr yield declines to 4.09%

The US Dollar trading lower, need to break above 200 day MA acting as resistance.

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S&P 500 Futures   #ESH26

Monthly –Monthly bar holding near the prior month close above the 6893 target. Trade pressures remain up. Volumes closed the month of December as bullish.  The 7013 price remains the adjusted high.  A close below 6702 would confirm any weekly move lower.

Weekly – The weekly bar breaks back below the trendline resistance.  Trade pressures are up, but continuing to turn down. Volumes have turned neutral.  The prior high pivot at 7013 is the next target up. The support trendline is at 6686. A close below 6663 would confirm any daily move lower.

Daily – Short. In the pull back from the the 6939 short entry on 12/30.  Trade pressures are down. Volumes are bearish.

The next target down is 6859. The expected oversold level declines to 6791.

A close above 6933 would signal higher. The expected overbought level rises to 6986.

[OB/OS trend is widening.]

[1-2-26:The Dow Jones index seems to be leading. Long the YMH26 @ 48598, SL 48100.]

[1-7-26: Sell YMH26 at 49235.]

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