Market Summary:

Copper near new long entry. Gold in consolidation. Silver fails the long entry, pulls back to the lower median line parallel.

Crude needs a test of the 200 day MA lower.  Natural Gas breaks down and now forming a second bear flag.

The US 30yr Treasury remains in the move up from 114-30.
The 10yr yields lower 4.05%.  The expected oversold level for the 10yr yield declines to 4.07%

The US Dollar – moving lower as rates go lower.

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S&P 500 Futures   #ESH26

Monthly –Monthly bar rallys off support. Trade pressures remain up. Volumes closed the month of January as bullish.  The 7043 price remains the adjusted high.  7208 is the next target up. A close below 6732 would confirm any weekly move lower.

Weekly – The weekly bar creates a lower high and moves lower.  Trade pressures are now down. Volumes are now bearish.  Price below the prior high pivot of 7043. The support trendline is at 6773. A close below 6692 would confirm any daily move lower.

Daily – Short. The rally tested the upper median line parallel and then turned lower at 6953 on 2/12 to form a lower high. Trade pressures are down. Volumes are bearish.

The next target down is 6778. The expected oversold level rises to 6776.

A close above 6910 would signal higher. The expected overbought level declines to 7013.

[OB/OS trend is widening.] Expect increasing volatility.

[2-14-26: Take Profit at the 6776 OverSold level. Set the SL at 6948.]

[2-17-26: Raise the Profit stop to 6792, Lower the SL to 6883.]

[2-17-26: Profit Stop triggered. Flat at 6792.]

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