Market Summary:

Copper finds support at 6.09. Gold and silver breakout of their bull flags.

Crude basing. Natural Gas in the third leg up.

The US 30yr Treasury down as the 10yr yield rises to 4.48%.
The expected overbought level for the 10yr yield declines to 4.46%.

The US Dollar – The USD remains a Long; but testing the 100.30 support.

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S&P 500 Futures   #ESU26, #MESU26

Monthly –Monthly bar down off the prior month highs. Trade pressures remain up,  Volumes closed the month of June as bullish.  The 7694 price remains the adjusted high.  The next target up is 8684. A close below 7384 would confirm any weekly move lower.

Weekly – The weekly bar rallies to reclaim the prior week move down into the 4th of July holiday.  Trade pressures remain up. Volumes are bearish.  The next target up is 7713. A close below the 7325 support would confirm any daily move lower.

Daily – Flat.  The move down from 6/15 has been recovered, but needs to break above the 6/1 downtrend line at 7580 . Trade pressures are up but declining,  Volumes are bearish.

The next target down is 7384. The expected oversold level rises to 7296.

A close above 7580 would signal higher, but is higher than the OB. The expected overbought level declines to 7565.

[OB/OS trend is narrowing.]
The VIX closes below 19, at 15.81 indicating market is moving toward trending.
The Hedgeye.com VIX risk range is 15.52 – 19.99.

[7-3-26: Market appears to be staying between the OB/OS limits.] [ which would suggest the OB is likely resistance.]

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