Market Summary:

Copper just a tick away from a new long entry. Gold and Sliver both new longs.

Crude needs a pull back to the trendline to re-enter long.  Natural Gas continues the move down. Now in a small bull flag.

The US 30yr Treasury move up stopped out. Looking for a pullback to re-enter long..
The 10yr yields at 4.08%.  The expected oversold level for the 10yr yield declines to 4.00%

The US Dollar – moving higher but finding continued resistance at the 200 day MA.

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S&P 500 Futures   #ESH26

Monthly –Monthly bar holds in the center of the range. 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 moves up off the 6774 support trendline.  Trade pressures remain down. Volumes remain bearish.  Price below the prior high pivot of 7043. The support trendline is at 6774. A close below 6692 would confirm any daily move lower.

Daily – Flat. The VIX is in the Chop Range. Buy the pullback to 6888. Trade pressures are up. Volumes are neutral.

A close above 6910 would signal higher. The expected overbought level declines to 6986.

A close below 6881 would signal lower. The expected oversold level rises to 6784.

[OB/OS trend is narrowing.] Expect less volatility.

[2-21-26: Set the SL at 6853. TP at 7000.]

[2-24-26: Long at 6888 from 2/24. Set the SL at 6875. TP at 6969.]

[2-25-26: Flat. Profit Stop taken at 6969.]

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