Market Summary:

Copper in a correction down. Gold and Silver both decline forming a bull flag. GVX declining, allowing risk.

Crude rallied on Iranian news, but now turning lower.  Natural Gas now turns lower.

The US 30yr Treasury retreats after testing the downward sloping median line.
The 10yr yields rise to 4.30%.
The expected overbought level for the 10yr yield declines to 4.35%.

The US Dollar – continues the move down.

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S&P 500 Futures   #ESM26, #MESM26

Monthly –Monthly bar recovers and is making new ATH’s. Trade pressures remain up, but declining. Volumes closed the month of March as bearish.  The 7200 price is the adjusted high.  The next target up is 7258. A close below 6889 would signal a failure of the move up.

Weekly – The weekly bar breaks above the Oct 31 resistance line.  Trade pressures are in the neutral zone. Volumes remain bullish.  Moving higher off the prior week’s 6863 entry. The next target up is 7374. A close below 7025 would confirm any new daily move lower.

Daily – Long.  In the move up from the 6893 long entry on 4/13. Trade pressures remain up. Volumes remain bullish.

The next target up is 7301, which is also above the OB level.  The expected overbought level rises to 7218.

A close below 7027 would signal lower. The expected oversold level rises to 6875.

[OB/OS trend is rising.]
The VIX closes below 19 indicating market is investable.

[4-24-26: Hold the SL at 7099. This is the upward sloping trend line acting as a tight stop to reflect the nearby OB.]

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