Market Summary:

Copper Long entry fails. Gold and Silver both move up on the attack but then sell off; GVX in chop.

Crude moves dramatically higher on the attack.  Natural Gas also turns higher.

The US 30yr Treasury moved down on the war fears. now OS.
The 10yr yields rally to 4.14%.  The expected overbought level for the 10yr yield rises to 4.21%.

The US Dollar – moving higher, but finding new resistance at the upper channel boundary. The 10yr yield at the OB level may restrain the USD.

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S&P 500 Futures   #ESM26

Monthly –Monthly bar still in the center of the range. Trade pressures remain up. Volumes closed the month of February as neutral.  The 7043 price remains the adjusted high.  7208 is the next target up. A close below 6732 would confirm any weekly move lower.

Weekly – The weekly bar breaks the Aug 2025 support trendline.  Trade pressures remain down. Volumes remain bearish.  Price below the prior high pivot of 7043. A close below 6692 would confirm any daily move lower; testing that level now.

Daily – Flat.  Trade pressures are down. Volumes are bearish.

The next target down is 6635. Price currently at the OS level. The expected oversold level declines to 6766.

A close above 6774 would signal higher. The expected overbought level declines to 6946.

[OB/OS trend is declining.] The VIX rises above the Chop Range; expect rising price risk.

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