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S&P 24-Hour Futures Struggle at Key Levels
The ES 24-hour S&P futures failed to break through a major trendline resistance yesterday. This morning, the decline found temporary support at a sharply falling downtrend channel line. However, no clear buy signals have emerged on the hourly chart, indicating the likelihood of a lower low during early trading hours.
If the morning low of 6054 is breached, traders should watch for potential support at 6048, followed by a test of Monday’s low at 6035. With the FOMC meeting looming tomorrow, caution is the dominant sentiment across the markets.
Treasury Yields Surge Amid Aggressive Bond Selloff
Treasuries are experiencing a fierce selloff, driving the 10-year yield toward a potential high of 4.60%. These surging yields reflect growing concerns about market fragility and debt sustainability. For a deeper dive into these dynamics, check out our recent piece, Macro Liquidity Report: Key Market Trends & Insights for 2025
Gold at Critical Support Levels
Gold is testing critical trend support at 2639. A break below this level would be bearish, while a push above 2679 could set up a bullish breakout. Despite short-term trading ranges, long-term uptrend patterns remain intact. Explore the nuanced trends in our latest analysis,
For More Market Insights:
- Weekly Market Insights: Is the Market Waiting to Get Fed?
- Macro Liquidity Report: Key Market Trends & Insights for 2025
- Technical Trader Weekly Chart Picks: Top Swing Trade Opportunities This Week
- Stock Market Outlook: Extreme Valuations, Liquidity Growth, and the Road to the Next Bear Market
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