Market Summary:

Copper a new long entry. Gold and Silver both in move up but GVX in chop.

Crude needs a pull back to the trendline to re-enter long.  Natural Gas continues the move down.

The US 30yr Treasury in a new move up. Looking for a pullback to re-enter long.
The 10yr yields at 3.97%.  The expected oversold level for the 10yr yield declines to 3.97%.

The US Dollar – moving higher, but finding continued resistance at the 200 day MA. The 10yr yield at the OS level may  restrain the USD.

[2-28-26: Saturday night (CST) bombing of Iran will affect the markets. Equities down, metals up. $USD was waiting for something these last few days.]

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S&P 500 Futures   #ESH26

Monthly –Monthly bar still in the center of the range. Trade pressures remain up. Volumes closed the month of February as neutral.  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 continues to respect the Aug 2025 support trendline.  Trade pressures remain down. Volumes remain bearish.  Price below the prior high pivot of 7043. The support trendline is at 6794. A close below 6692 would confirm any daily move lower.

Daily – Flat. The VIX remains in the Chop Range; but declining. Could buy the pullback to 6844. Trade pressures are down. Volumes remain neutral.

A close above 6935 would signal higher. The expected overbought level declines to 6961.

A close below 6822 would signal lower. The expected oversold level rises to 6801.

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

[2-28-26: Watch the behavior of the ES at the rising OS sold levels.]

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