SP500 Futures Analysis & Targets

(ESU25) 

ESU25

From last week,

The market continues to make new ATH's and is approaching the next major Gann square at 6443.00, when and if it closes above this level it will become the swing point. For now we will use the 6290.75 major Gann square as the swing point for the week again, also in this area is 23.6% back to the 5/23/25 low at 6277.00. Holding this area keeps the trend extremely positive. 

Use 6290.75 as the swing point for the week again.

The market made another new high this week hitting the 6443.00 major Gann square. The setback from it closed below the 6290.75 major Gann square and swing point for the week, this was also 23.6% back to the 5/23/25 high after making the new high this week, it will be the key level again for this week.
 

Use 6290.75 as the swing point for the week again.
 

Above it, getting right back above 6290.75 would be a very strong sign and it should quickly go for a new high. The short term target area is 78.6% back to the 6468.50 high at 6420.00 and the 6443.00 major Gann square. Our long term target area is 7214.00 to 7230.00, this another cluster of major Gann squares just like the 6102.00 to 6142.00 cluster that sent the market down to 4850.00. Before then there are only major Gann squares to look for resistance and then use as the swing point when closed above. The next two are 6594.75 and 6752.00.

Below it, the short term target is 38.2% back to the 5/23/25 low at 6192.00. The longer term target is 23.6% back to the 4/7/25 low at 6079.00. The long term target is also the long term swing point at 5837.00, this is 38.2% back to the same low.

In this post we explain where the huge rally in the SP500 came from.

This is our latest Video on how to use the Fibonacci retracements with the ONE44 rules and guidelines.

What has been happening in the Grains is the opposite of what is outlined in our New Video for Live Cattle and Gold on the 23.6% and 38.2% retracements. NEW VIDEO

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