Market Summary:

Copper near new long entry. Gold in consolidation. Silver fails the long entry, pulls back to the lower median line parallel.

Crude needs a test of the 200 day MA lower.  Natural Gas breaks down and now forming a second bear flag.

The US 30yr Treasury remains in the move up from 114-30.
The 10yr yields lower 4.05%.  The expected oversold level for the 10yr yield declines to 4.07%

The US Dollar – moving lower as rates go lower.

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S&P 500 Futures   #ESH26

Monthly –Monthly bar rallys off support. Trade pressures remain up. Volumes closed the month of January as bullish.  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 creates a lower high and moves lower.  Trade pressures are now down. Volumes are now bearish.  Price below the prior high pivot of 7043. The support trendline is at 6773. A close below 6692 would confirm any daily move lower.

Daily – Short. The rally tested the upper median line parallel and then turned lower at 6953 on 2/12 to form a lower high. Trade pressures are down. Volumes are bearish.

The next target down is 6778. The expected oversold level rises to 6776.

A close above 6910 would signal higher. The expected overbought level declines to 7013.

[OB/OS trend is widening.] Expect increasing volatility.

[2-14-26: Take Profit at the 6776 OverSold level. Set the SL at 6948.]

[2-17-26: Raise the Profit stop to 6792, Lower the SL to 6883.]

[2-17-26: Profit Stop triggered. Flat at 6792.]

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Market Summary:

Copper near new long entry. Gold a new long entry, but tight stops. Silver has too much room above and below .

Crude is a new long entry soon.  Natural Gas forming a bear flag.

The US 30yr Treasury in a new move up from 114-30.
The 10yr yields continue above 4.22%.  The expected oversold level for the 10yr yield holds to 4.17%

The US Dollar – moving higher, with negative correlations to other asset classes.

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S&P 500 Futures   #ESH26

Monthly –Monthly bar rallys off support. Trade pressures remain up. Volumes closed the month of January as bullish.  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 back above the trendline resistance.  Trade pressures are now down. Volumes remain bullish.  Price below the prior high pivot at 7043. The support trendline is at 6751 which was just tested in this last week’s move down. A close below 6692 would confirm any daily move lower.

Daily – Flat. The early week move down was from 6935 to 6776, then rallied hard to recoup most of the early week losses. Trade pressures are down but rising. Volumes are bullish.

The next target up is 7001. The expected overbought level rises to 7051.

A close below 6896 would signal lower. The expected oversold level declines to 6746.

[OB/OS trend is widening.] Expect increasing volatility.

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Market Summary:

Copper ripped higher then collapsed. Now look for a re-entry long.. Gold and Silver crash back to support levels .

Crude is still a long, but took profits.  Natural Gas may test the 5.00 prior high.

The US 30yr Treasury in a new move up from 114-24.
The 10yr yields continue above 4.20%.  The expected oversold level for the 10yr yield rises to 4.17%

The US Dollar – after a significant move lower, now moving higher.

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S&P 500 Futures   #ESH26

Monthly –Monthly bar still showing indecision. Trade pressures remain up. Volumes closed the month of December as bullish.  The 7036 price remains the adjusted high.  7208 is the next target up. A close below 6725 would confirm any weekly move lower.

Weekly – The weekly bar breaks back above the trendline resistance.  Trade pressures are down into the neutral zone. Volumes are bullish.  Price above the prior high pivot at 7013. The support trendline is at 6729. A close below 6769 would confirm any daily move lower.

Daily – Flat. In the move down from 6987 and testing the 6917 support. Trade pressures are down. Volumes remain bullish.

The next target down is 6863. The expected oversold level rises to 6845.

A close above 7008 would signal higher The expected overbought level declines to 7037.

[OB/OS trend is widening.] Increasing volatility.

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