Market Summary:

Copper a new long entry.  Gold and Silver trigger multiple sell stops.

Crude a new long.  Natural Gas rallies to resistance.

The US 30yr Treasury in long trade.
The 10yr yields drop below 4.00%. The expected oversold level for the 10yr yield declines to 3.93%

The US Dollar rises on softer CPI and rate moves.

_________________

S&P 500 Futures   #ESZ25

Monthly –Monthly bar trading rallies to new highs. Trade pressures are up. Volumes closed the month of September as bullish.  The 6841 price is the adjusted high. The next target up is 7148. A close below 6530 would confirm any weekly move lower.

Weekly – The weekly bar rallies off the support at 6581 to new highs.  Trade pressures are up. Volumes remain bullish.  The next target up is the prior high at 7072.  A close below 6567 would confirm any daily move lower.

Daily – Flat. The channel lines are holding in an upward pattern. In the new move up from 6768 on 10/23. Trade pressures are up but very choppy.  Volumes are bullish.

The next target up is 6852. The expected overbought level declines to 6788.

A close below 6767 would signal lower.The expected oversold level rises to 6648.

[OB/OS trend is narrowing.]

__________________

Market Summary:

Tariff “not sustainable”. Copper approaching a new long entry.  Gold sells off $200.  Silver spikes to 52 then sells off with gold.

Crude move lower continues.  Natural Gas continues lower.

The US 30yr Treasury up, breaking weekly resisitance.
The 10yr yields drop to the 4.00’s. The expected oversold level for the 10yr yield declines to 3.93%

The US Dollar rises and falls on rate moves and EU talk of recession.

_________________

S&P 500 Futures   #ESZ25

Monthly –Monthly bar trading rallies to form the spinning top once again. Trade pressures are up. Volumes closed the month of September as bullish.  The 6812 price remains the adjusted high. The next target up is 6833. A close below 6501 would confirm any weekly move lower.

Weekly – The weekly bar drops to test the support at 6581.  Trade pressures are up. Volumes are now bullish.  The next target up is the prior high at 6812.  A close below 6461 would confirm any daily move lower.

Daily – Flat. The lower channel line was tested twice, but so far has held at 6571. Trade pressures are down into the neutral zone.  Volumes are bullish.

Looking for a pullback into the low 6600’s.The expected overbought level rises to 6804.

A close below 6667 may start the pullback. A break below 6461 would signal lower.The expected oversold level declines to 6553.

[OB/OS trend is widening.]

__________________

Market Summary:

Tariff talk affects Equities and commodities, but not currencies. Copper crashes.  Gold rallys with the USD.  Silver tests 50 and sells off.

Crude move higher failed, crashes.  Natural Gas move up fails, continues lower.

The US 30yr Treasury up but still seeing resisitance.
The 10yr yields drop to the 4.05’s. The expected oversold level for the 10yr yield rises to 4.06%

The US Dollar rises and falls on rate moves. ( and now tariff talk )

_________________

S&P 500 Futures   #ESZ25

Monthly –Monthly bar trading down deep into the prior month bar. Trade pressures are up. Volumes closed the month of September as bullish.  The 6812 price is the new adjusted high. The next target up is 6833. A close below 6489 would confirm any weekly move lower.

Weekly – The weekly bar drops to test the support at 6567.  Trade pressures are up. Volumes are now bearish.  The next target up is 7036.  A close below 6481 would confirm any daily move lower.

Daily – Flat. Two short triggers at 6761. The first was stopped out but this drop on 10/10 flushed them all out. Trade pressures are down into the neutral zone.  Volumes are bearish.

The next target down 6461.  The expected oversold level rises to 6651.

A close above 6584 would signal higher. We’ll wait to see if the TACO happens. The expected overbought level rises to 6778.

[OB/OS trend is rising.]

[10-12-25: Sun nite futures open up at 6631. Resistance at 6679.]

__________________

Market Summary:

Copper consolidates for two days and runs again.  Gold keeps going to big round number of 4000.  Silver continues the move higher but now at the 48.50 target.

Crude move higher failed, now at support.  Natural Gas move up fails, looking for a move up off support.

The US 30yr Treasury up but still seeing resisitance.
The 10yr yields rise to the 4.20’s. The expected oversold level for the 10yr yield rises to 4.04%

The US Dollar rises and falls on rate moves.

_________________

S&P 500 Futures   #ESZ25

Monthly –Monthly bar trading again above the prior month high. Trade pressures are up. Volumes closed the month of September as bullish.  The 6800 price is the new adjusted high. The next target up is 6833. A close below 6489 would confirm any weekly move lower.

Weekly – The weekly bar continues to make new highs.  Trade pressures are up. Volumes remain bullish.  The next target up is 7029.  A close below 6605 would confirm any daily move lower.

Daily – Flat. Still in uptrend, but near OB territory and 6761 short entry . Trade pressures are up.  Volumes are bullish.

The next target up is 6822. The expected overbought level rises to 6749.

A close below 6761 would trigger a short entry.  The expected oversold level rises to 6605.

[OB/OS trend is rising.]

[10-7-25: Short from 6761. Set the SL at 6794.]

[10-8-25: Stopped out at 6794.]

__________________

Market Summary:

Copper spikes on mine accident.  Gold consolidating at the highs.  Silver continues the move much higher.

Crude breaks higher in the bear channel.  Natural Gas fails, rally turns into consolidation.

The US 30yr Treasury up but seeing resisitance.
The 10yr yields rise to the 4.20’s. The expected oversold level for the 10yr yield moves down to 4.01%

The US Dollar rises on higher rates.

_________________

S&P 500 Futures   #ESZ25

Monthly –Monthly bar trading again above the prior month high. Trade pressures are up. Volumes closed the month of August as bullish.  The 6756 price is the new adjusted high. The next target up is 6776. A close below 6446 would confirm any weekly move lower.

Weekly – The weekly bar continues to make new highs.  Trade pressures are up. Volumes remain barely bullish.  The next target up is 6776.  A close below 6426 would confirm any daily move lower.

Daily – Flat. stopped out at 6675. Trade pressures are down.  Volumes are bearish.

The next target up is 6776. The expected overbought level rises to 6699.

A close below 6641 would trigger a short entry.  The expected oversold level rises to 6554.

[OB/OS trend is rising.]

__________________

Market Summary:

Copper grinding higher in the narrow channel.  Gold long from the 8/22 breakout.  Silver closes the week with a break higher.

Crude a short.  Natural Gas fails to rally.

The US 30yr Treasury down after FED meeting.
The 10yr yields rise to the 4.10’s. The expected oversold level for the 10yr yield remains 4.06%

The US Dollar rises after the rate cuts.

_________________

S&P 500 Futures   #ESZ25

Monthly –Monthly bar trading again above the prior month high. Trade pressures rising above the neutral zone. Volumes closed the month of August as bullish.  The 6731 price is the new adjusted high. The next target up is 6776. A close below 6420 would confirm any weekly move lower.

Weekly – The weekly bar continues to make new highs.  Trade pressures are up. Volumes remain bullish.  The next target up is 6776.  A close below 6400 would confirm any daily move lower.

Daily – Long. From the 9/9 entry at 6579. Trade pressures are up.  Volumes remain bullish.

The next target up is 6776. The expected overbought level rises to 6675.

A close below 6658 would trigger a short entry.  The expected oversold level rises to 6475.

[OB/OS trend now rising.]

[Set the SL at 6675.]
[9-25-25: Stopped out.]

__________________

Market Summary:

Copper in a second leg up.  Gold long from the 8/22 breakout.  Silver breaks above 42 resisitance.

Crude another long.  Natural Gas continiues the move up.

The US 30yr Treasury up on FED meeting.
The 10yr yields in the 4.05’s. The expected oversold level for the 10yr yield is 4.06%

The US Dollar breaks the lower channel support anticipating lower rates. Recession fears?

_________________

S&P 500 Futures   #ESZ25

Monthly –Monthly bar trading again above the prior month high. Trade pressures rising above the neutral zone. Volumes closed the month of August as bullish.  The 6696 price is the new adjusted high. The next target up is 6687. A close below 6372 would confirm any weekly move lower.

Weekly – The weekly bar continues to make new highs.  Trade pressures are up. Volumes remain bullish.  The next target up is 6687.  A close below 6368 would confirm any daily move lower.

Daily – Flat. Stopped out of the move up from 6465 on 8/26. Now oversold into the FED print. Trade pressures are up.  Volumes remain bullish.

The 9/6 selloff setup a new long entry at 6579 on 9/9.

The next target up is 6695. The expected overbought level rises to 6644.

A close below 6658 would trigger a short entry.  The expected oversold level rises to 6475.

[OB/OS trend now rising.]

__________________

Market Summary:

Copper is a new long.  Gold long from the 8/22 breakout.  Silver breaks above 40.

Crude a new long, remains near OB levels.  Natural Gas breaks out of the move down.

The US 30yr Treasury down on an uptick in inflation projections.
The 10yr yields stay in the 4.20’s. The expected oversold level for the 10yr yield is 4.19%

The US Dollar breaks the lower channel support. Tariffs are the new question?

_________________

S&P 500 Futures   #ESU25

Monthly –Monthly bar trading again above the prior month high. Trade pressures rising just above the neutral zone. Volumes closed the month of July as bullish.  The 6523 price is the new adjusted high. The next target up is 6630. A close below 6212 would confirm any weekly move lower.

Weekly – The weekly bar continues to make new highs.  Trade pressures are up. Volumes remain bullish.  The next target up is 6630.  A close below 6325 would confirm any daily move lower.

Daily – Long. In the new move up from 6465 on 8/26.  Trade pressures are up.  Volumes remain bullish.

The next target up is 6526. The expected overbought level rises to 6534.

A close below 6459 would trigger a short entry.  The expected oversold level rises to 6348.

[OB/OS trend now rising. But reaction to tariff court decision will be important.

[8-31-25: Raise the SL to 6460.]

[9-1-25: sun session. Stopped out at the 6460 SL.]

__________________

Market Summary:

Copper testing the short term trend for a break above.  Gold long on FED rate comments.  Silver Had a nove short then ripped higher.

Crude a new long, but near OB levels.  Natural Gas contimues the move down.

The US 30yr Treasury up on FED comments. The 10yr yields now in the 4.20’s. The expected oversold level for the 10yr yield is 4.21%

The US Dollar breaks the lower channel support as the interest rates decline.

_________________

S&P 500 Futures   #ESU25

Monthly –Monthly bar trading above the prior month high. Trade pressures rising just above the neutral zone. Volumes closed the month of July as bullish; again on lower volumes.  The 6508 price remains the new adjusted high. The next target up is 6630. A close below 6196 would confirm any weekly move lower.

Weekly – The weekly bar continues to make new highs.  Trade pressures are up. Volumes remain bullish.  The next target up is 6630.  A close below 6337 would confirm any daily move lower.

Daily – Flat. Out of the short trade at 6430 on 8/22.  Trade pressures are up.  Volumes remain bullish.

The next target up is 6497. The expected overbought level declines to 6508.

A close below 6459 would trigger a short entry.  The expected oversold level declines to 6326.

[OB/OS trend declining. Watch Monday’s trading for adjustments after the FED rally on Friday.]

[8-26-25: Long from 6465. SL at 6430.]

__________________

Market Summary:

Copper grinding higher.  Gold down after the rip above 3500.  Silver showing a lower high..

Crude consolidating below the 200 day MA..  Natural Gas move down now seeing some covering.

The US 30yr Treasury down on better than expected inflation reading. The 10yr yields now in the 4.30’s. The expected oversold level for the 10yr yield is 4.17%

The US Dollar continues higher highs and higher lows in the long trade. At the lower channel support now.

_________________

S&P 500 Futures   #ESU25

Monthly –Monthly bar trading above the prior month low. Trade pressures rising just above the neutral zone. Volumes closed the month of July as bullish; again on lower volumes.  The 6508 price is the new adjusted high. The next target up is 6630. A close below 6196 would confirm any weekly move lower.

Weekly – The weekly bar found support and moved up off the 12/2024 trendline across the recent highs.  Trade pressures are up. Volumes remain bullish.  The next target up is 6630.  A close below 6283 would confirm any daily move lower.

Daily – Long. In the move up from 6290 on 8/4 to 6508.  The next move down is from 6451. Trade pressures are up.  Volumes remain bullish.

The next target up is 6522. The expected overbought level rises to 6512. (So, expect higher highs?)

A close below 6451 would trigger a short entry.  The expected oversold level rises to 6321.

CPI increase was less than expected, but now inflation may resume its increase, projected to rise in the 4th quarter.

[8-19-25: Short entry triggered at 6451. Next target down is 6394. SL at 6476.]

[8-20-25: Lower the SL to BE, 6451. TP at 6326.]

[8-21-25: Lower the SL to 6430. TP at 6326.]

[8-22-25: SL triggered at 6430.]

__________________