Market Summary:

Copper new long off support. Gold and Silver are consolidating lower.

Crude second attempt at a new move up. Natural Gas move down.

The US 30yr Treasury down as the 10yr yield rises to 4.59%.
The expected overbought level for the 10yr yield rises to 4.62%.

The US Dollar – The USD has small correction.

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S&P 500 Futures   #ESU26, #MESU26

Monthly –Monthly bar continues lower 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 makes a lower high.  Trade pressures remain up, but declining. Volumes are bullish.  The next target down is 7325. The close below the 7325 median line support did confirm the daily move lower. A close above 7642 would confrim a daily move higher.

Daily – Flat.  Lower highs followed by the SL on 7/13.  Trade pressures are down,  Volumes are bearish.

The next target down is 7333. The expected oversold level rises to 7420.

A close above 7560 would signal higher. The expected overbought level declines to 7597.

[OB/OS trend is narrowing.]
The VIX closes below 19, at 18.65 indicating market is moving toward trending.
The Hedgeye.com VIX risk range is 15.37 – 19.41.

[7-13-26: Stopped out of the long at 7551.]

[7-20-26: Look to short near OB levls.]

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Market Summary:

Copper finds support at 6.05. Gold and Silver are consolidating after the failure hold the breakout of their bull flags.

Crude attempting a new move up. Natural Gas in sharp break down.

The US 30yr Treasury down as the 10yr yield rises to 4.54%.
The expected overbought level for the 10yr yield rises to 4.57%.

The US Dollar – The USD down.

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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 again above the prior week.  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 – Long.  A break above the 6/1 downtrend line at 7580 is in process. Buy any pull back to the breakout line. Trade pressures are up into the neutral zone,  Volumes are bullish.

A close above 7580 would signal higher. The expected overbought level rises to 7605.

A close below 7551 would signal lower. The expected oversold level rises to 7353.

[OB/OS trend is rising.]
The VIX closes below 19, at 15.80 indicating market is moving toward trending.
The Hedgeye.com VIX risk range is 14.90 – 18.36.

[7-10-26: Set the SL at 7551.]

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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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Market Summary:

Copper finds support at 5.99. Gold and silver have will test the breakout of their bull flags.

Crude basing. Natural Gas in the second leg up.

The US 30yr Treasury Long and higher as the 10yr yield declines to 4.37%.
The expected overbought level for the 10yr yield declines to 4.50%.

The US Dollar – The USD is a Long; but testing the 100.80 support.

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S&P 500 Futures   #ESU26, #MESU26

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

Weekly – The weekly bar forms a lower high at 7658 and down this week.  Trade pressures remain up. Volumes are now bearish.  The next target up remains 7666. A close below the 7325 support would confirm any daily move lower.

Daily – Flat.  In the move down off the lower high on 6/15 . Trade pressures are down,  Volumes are bearish.

The next target down is 7325. The expected oversold level rises to 7286.

A close above 7445 would signal higher. The expected overbought level declines to 7568.

[OB/OS trend is narrowing.]
The VIX closes below 19, but rising; at 18.40 indicating market is moving toward chop.
The Hedgeye.com VIX risk range is 15.62 – 21.49.

[6-19-26: Market appears to be staying between these OB/OS limits.]

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Market Summary:

Copper waiting for a new Long. Gold and silver have covered shorts and wait similarly .

Crude lower. Natural Gas in the second leg up..

The US 30yr Treasury Long and higher as the 10yr yield declines to 4.45%.
The expected overbought level for the 10yr yield rises to 4.57%.

The US Dollar – The USD is a Long. But Inflation expected lower.

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S&P 500 Futures   #ESU26, #MESU26

Monthly –Monthly bar holding, but looking toppy. Trade pressures remain up,  Volumes closed the month of May as bullish.  The 7694 price is the adjusted high.  The next target up is 8684. A close below 7384 would confirm any weekly move lower.

Weekly – The weekly bar higher off the April ’25 median line which is support at 7286.  Trade pressures remain up. Volumes remain bullish.  The next target up remains 7686. A close below 7325 would confirm any daily move lower.

Daily – Flat.  6/15 Stopped out of the long trade at 7639 from 7433 on 6/11. Trade pressures are down but rising,  Volumes closed neutral.

The next target down is 7448. The expected oversold level rises to 7253.

A close above 7670 would signal higher. The expected overbought level declines to 7590.

[OB/OS trend is narrowing.]
The VIX closes below 19 at 16.40, indicating market is investible.
The Hedgeye.com VIX risk range is 15.01 – 22.97.

[6-19-26: Market appears to be staying between these OB/OS limits. The OB is declining. Watch for a lower high.]

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Market Summary:

Copper now a new Long. Gold and silver have covered shorts.

Crude lower. Natural Gas breaks out above the bull flag.

The US 30yr Treasury Long and higher as the 10yr yield declines to 4.48%.
The expected overbought level for the 10yr yield declines to 4.56%.

The US Dollar – The USD is a Long. Inflation lower.

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S&P 500 Futures   #ESU26, #MESU26

Monthly –Monthly bar making new ATH’s with the rollover. Trade pressures remain up, but still declining. Volumes closed the month of May as bullish.  The 7694 price is the adjusted high.  The next target up is 8684. A close below 7384 would confirm any weekly move lower.

Weekly – The weekly bar higher off the April ’26 median line which is support at 7286.  Trade pressures remain up. Volumes remain bullish.  The next target up remains 7682. A close below 7325 would confirm any daily move lower.

Daily – Long.  From 7433 on 6/11. Trade pressures are up,  Volumes are neutral.

The next target up is 7572. The expected overbought level declines to 7619.

The next target down is 7262. The expected oversold level declines to 7222.

[OB/OS trend is declining.]
The VIX closes below 19 at 17.66, indicating market is investible, but near the chop/yellow zone.
The Hedgeye.com VIX risk range is 13.93 – 22.23.

[6-13-26: Set the SL at 7406. Tighten stops with the OB/OS declining. Take profits at the OB.]

[6-15-26: Profit stops taken at the 7619 overbought level.]

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Market Summary:

Copper now a new short. Gold and silver both new shorts.

Crude lower. Iran very aware of the mid-term elections and happy to inflict pain on trump.
Natural Gas breakout stalling.

The US 30yr Treasury lower as the 10yr yield rises to 4.53%.
The expected overbought level for the 10yr yield declines to 4.57%.

The US Dollar – The higher yields/inflation worries are causing the equity market to sell off, sending $’s to the USD.

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S&P 500 Futures   #ESM26, #MESM26

Monthly –Monthly bar making new ATH’s. Trade pressures remain up, but still declining. Volumes closed the month of May as bullish.  The 7632 price is the adjusted high.  The next target up remains 7615. A close below 7321 would confirm any weekly move lower.

Weekly – The weekly bar higher off the Oct 31 resistance line which remains support at 7283.  Trade pressures remain up. Volumes remain bullish.  The next target up remains 7615. A close below 7457 would confirm any daily move lower.

Daily – Short.  From 7535 on 6/5. Trade pressures are down,  Volumes are bearish.

The next target down is 7262. The expected oversold level rises to 7452.

A close above 7488 would signal higher. The expected overbought level rises to 7652.

[OB/OS trend is rising.]
The VIX closes above 19 at 21.51, indicating market is in the chop/yellow zone.
The Hedgeye.com VIX risk range is 14.88 – 17.24.

[6-5-26: Set the SL at 7439. Take short profits at 7331.]

[6-7-26: Stopped out at 7439 for a gain.]

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Market Summary:

Copper stopped out but still a new long. Gold and silver both stopped out of their long trades.

Crude lower.  Natural Gas has successful breakout.

The US 30yr Treasury higher as the 10yr yield declines to 4.43%.
The expected overbought level for the 10yr yield declines to 4.68%.

The US Dollar – The lower yields are taking the USD down with them.

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S&P 500 Futures   #ESM26, #MESM26

Monthly –Monthly bar making new ATH’s. Trade pressures remain up, but still declining. Volumes closed the month of April as bullish.  The 7611 price is the adjusted high.  The next target up remains 7615. A close below 7300 would confirm any weekly move lower.

Weekly – The weekly bar higher off the Oct 31 resistance line which now becomes support.  Trade pressures remain up. Volumes remain bullish.  The next target up remains 7615. A close below 7436 would confirm any daily move lower.

Daily – Long.  From 7468 on 5/21. Trade pressures remain up,  Volumes remain bullish.

The next target up is 7634.  The expected overbought level rises to 7598.

A close below 7585 would signal lower. The expected oversold level rises to 7355.

[OB/OS trend is rising.]
The VIX closes below 19 at 15.32, indicating market is investable.
The Hedgeye.com VIX risk range is 15.29 – 18.01.

[6-2-26: At 7632. Raise SL for the move up at 7550.]
[6-3-26: Stopped out at 7550.]

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Market Summary:

Copper new long. Gold and silver new longs on 5/24.

Crude up against the 4/7 downtrend line, breaks lower in the Sunday session.  Natural Gas attempts another breakout then pulls back to support.

The US 30yr Treasury higher as the 10yr yield declines to 4.55%.
The expected overbought level for the 10yr yield rises to 4.69%.

The US Dollar – Higher but meeting resistance as the 10yr seems OB..

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S&P 500 Futures   #ESM26, #MESM26

Monthly –Monthly bar making new ATH’s. Trade pressures remain up, but still declining. Volumes closed the month of April as bullish.  The 7540 price is the adjusted high.  The next target up is 7615. A close below 7229 would confirm any weekly move lower.

Weekly – The weekly bar higher off the Oct 31 resistance line which now becomes support.  Trade pressures remain up. Volumes remain bullish.  The next target up is 7615. A close below 7365 would confirm any daily move lower.

Daily – Long.  From 7468 on 5/21. The 7441 short entry was stopped out at 7473.  Trade pressures are up,  Volumes are bullish.

The next target up is 7525.  The expected overbought level rises to 7525.

A close below 7438 would signal lower. The expected oversold level rises to 7294.

[OB/OS trend is rising.]
The VIX closes below 19 at 16.70 indicating market is investable.
The Hedgeye.com VIX risk range is 16.44 – 18.81.

[5-23-26: Set the SL for the move up at 7477.][5-27-26: Raise the SL to 7510.]
[5-28-26: Stopped out for a gain at 7510.]

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