Market Summary:

Copper now at resistance. Gold and Silver breakout. Gold is OB.

Crude setting up for a new move up. Natural Gas remains in downtrend.

The US 30yr Treasury basing as the 10yr yield declines to 4.66%.
The expected overbought level for the 10yr yield declines to 4.74%.

The US Dollar – The USD in a new short, but near OS.

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S&P 500 Futures   #ESU26, #MESU26

Monthly –Monthly bar breaks out to new highs. Trade pressures remain up,  Volumes closed the month of July as bullish.  The 7820 price is the new high.  The next target up is 8684.  A close below 7489 would confirm any weekly move lower.

Weekly – The weekly bar rises into a new uptrend.  Trade pressures remain up, but declining. Volumes remain bullish.  The next target up is 7963. A close below the 7625 would confirm any daily move lower.

Daily – Flat.  From 7486 on 7/31, out with profit stop hit at 7550.  Trade pressures are up,  Volumes remain bullish.

The next target up is 7810. The expected overbought level rises to 7826.

A close below 7718 would signal lower. The expected oversold level rises to 7375.

[OB/OS trend is rising.]
The VIX closes below 19, at 14.90 indicating market is investable.
The Hedgeye.com VIX risk range is 14.74 – 17.98.

[8-7-26: Set any SL at 7718.]

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Market Summary:

Copper still in second leg up. Gold and Silver rally fails; remains in the consolidation area.

Crude  pulls back from 92 OB. Natural Gas is oversold.

The US 30yr Treasury continues down as the 10yr yield rises to 4.75%.
The expected overbought level for the 10yr yield rises to 4.75%.

The US Dollar – The USD in a new short, but OS.

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S&P 500 Futures   #ESU26, #MESU26

Monthly –Monthly bar continues lower off the prior month highs; now a spinning top. Trade pressures remain up,  Volumes closed the month of July 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 rising to back test the trend breakdown.  Trade pressures remain up, but declining. Volumes are now bullish.  The next target down is 7325. The close below the 7500 median line support did confirm the daily move lower. A close above 7587 would confirm a daily move higher.

Daily – Long.  Stopped out of the short trade and closed above 7486 pon 7/31.  Trade pressures are up,  Volumes are now bullish.

The next target up is 7588. The expected overbought level rises to 7538.

A close below 7446 would signal lower. The expected oversold level declines to 7316.

[OB/OS trend is widening.]
The VIX closes below 19, at 15.90 indicating market is investable.
The Hedgeye.com VIX risk range is 15.79 – 20.56.

[8-2-26: Set the SL at 7476. Take profits at 7538.] [Sunday session opened at 7550. Profit stop triggered.]

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Market Summary:

Copper second leg up. Gold and Silver rallied into the renewed conflict, but pulled back and consolidating.

Crude second attempt at a new move up. Natural Gas rally attempt fails.

The US 30yr Treasury down as the 10yr yield rises to 4.67%.
The expected overbought level for the 10yr yield rises to 4.73%.

The US Dollar – The USD in a new long.

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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 breaks down below trend.  Trade pressures remain up, but declining. Volumes are now neutral.  The next target down is 7325. The close below the 7500 median line support did confirm the daily move lower. A close above 7596 would confirm a daily move higher.

Daily – Short.  Short the rally back to trendline at 7546 on 7/22.  Trade pressures are down,  Volumes remain bearish.

The next target down is 7375. The expected oversold level declines to 7355.

A close above 7494 would signal higher. The expected overbought level declines to 7537.

[OB/OS trend is declining.]
The VIX closes below 19, at 18.58 indicating market is moving toward chop.
The Hedgeye.com VIX risk range is 15.37 – 19.94.

[7-25-26: Set the SL at 7494.]

[7-26-26: Stopped out in the Sun nite session.]

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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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