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.

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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.]

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