Market Summary:

Copper in the move down, at 200 day MA support. Gold and Silver sell off, still possible liquidity source. GVX rising in chop zone.

Crude settling into a much higher range 86-102.  Natural Gas in chop with a neg bias.

The US 30yr Treasury selling off.
The 10yr yields rally to 4.39%.  The expected overbought level for the 10yr yield rises to 4.33%.

The US Dollar – consolidating at 99.50, testing the upper parallel boundary.

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S&P 500 Futures   #ESM26

Monthly –Monthly bar drops to the October ’22 Median line. Trade pressures remain up. Volumes closed the month of February as bullish.  The 7092 price remains the adjusted high.  The close below 6782 confirmed the weekly move lower. 6434 is the next target down. A close back above 6782 would signal higher.

Weekly – The weekly bar breaks 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 6675 would signal higher.

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

The next target down is 6399.  The expected oversold level declines to 6554.

A close above 6721 would signal higher. The expected overbought level declines to 6786.

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

[3-25-26: VIX near the top of the Chop range. Declining.]

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