Market Summary:

Copper in the move down. Gold and Silver sell off, possible liquidity source. GVX holding in chop.

Crude moves dramatically higher on the attack, but at oversold levels.  Natural Gas breaks down.

The US 30yr Treasury selling off.
The 10yr yields rally to 4.28%.  The expected overbought level for the 10yr yield rises to 4.30%.

The US Dollar – moving higher, breaks above the upper channel boundary.

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S&P 500 Futures   #ESM26

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.  6384 is the next target down.
The close below 6782 confirmed the weekly move lower. A close back above 6782 would signal higher.

Weekly – The weekly bar now at 6641, the October ’23 Median Line support.  Trade pressures remain down. Volumes remain bearish. A close below 6742 does confirm the daily move lower. The next target lower is 6392. A close above 6862 would signal higher.

Daily – Flat.  Trade pressures are down. Volumes are bearish.

The next target down is 6629.  The expected oversold level declines to 6633.

A close above 6786 would signal higher. The expected overbought level declines to 6841.

[OB/OS trend is declining.]
The VIX is back into the Chop Range; expect rapid price moves in either direction.

[3-17-26: Trading above new long entry, use pullback <6750 to enter.]

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