Market Summary:

Copper retracing from new contract highs.  Gold to ATH’s, now retracing. Silver retracing, support at 32.43.

Crude off the lows in a bear flag.  Natural Gas in a move down toward mid three’s.

The US 30yr Treasury in consolidation. The 10yr yields consolidating around 4.25%.

The US Dollar in a month long base with Euro currencies stronger.

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S&P 500 Futures   #ESM25

Monthly –Monthly bar closes holds at the lower median line from 10/23. Trade pressures remain up, but declining. Volumes closed the month of February as bullish.  The 6181 price remains the high. The close below 5870 did confirm a weekly move lower. The next target down is 5419. A close above 6069 would confirm any weekly move higher.

Weekly – The weekly forms a bullish bar.  Trade pressures remain down. Volumes are bullish.  The close below 5911 confirmed the daily move lower.  The next target down is 5324. A close above 5875 would confirm any daily move higher.

Daily – Flat. At the 5537 downside target. Trade pressures are just above the neutral zone.  Volumes are bullish.

The next target down is 5606. The expected oversold level rises to 5501.

A close above 5744 would signal higher. The expected overbought level declines to 5740.

(Look for a bear market rally, usually volatile and short lived.)

[3-24-25: Long @ 5744. Raise the SL to 5795.]

[3-25-25: Pre-market AM. raise SL to 5816.] [& Stopped out in the opening hour.]

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