SP500 Futures Analysis

The chart is key to this analysis.

You can get more information on how to use the Fibonacci retracements with the ONE44 rules and guideline in the video link below.

(ESM25) 

From last week,
 

Use 5996.50 major Gann square as the swing point for the week.

It was a quiet week with all the closes above the 5996.50 major Gann square and swing point for the week until Friday when it traded down to 5927.50 and ended the day at 5979.25. We will use the 5996.50 major Gann square as the key level for the week again. The Above remains the same from last week.

Use 5996.50 as the swing point for the week again.

Above it, The short term target area is the cluster of major Gann squares between 6102.00 and 6142.00, this area already sent the market back to 23.6% to the 2009 low, so it would be better to see the market make a new ATH and then close below this area to see if it can send this market lower again. The long term target from when it hit 23.6% back to the 2009 low at 4850.00 remains a new ATH, when and if this happens we will put out our next cluster of major Gann squares target. The next major Gann square is 6290.75.

Below it, if the current news causes a bigger selloff the first area to look for support is a big range, but with the wide swings that can follow with big news it could hit all 3 of these levels in one day. The first is the 5850.25 major Gann square, then the 200 day average at 5833.00 and then 23.6% back to the 4/7/25 low (that was 23.6% back to the 2009 low) at 5783.00. So watch for a trade down through 5850.25 and as far as 5783.00 and then a close back above 5850.25 as this can cause a sharp rally back to a new high. The next key area will be 38.2% (short term swing point) back to the same low at 5600.00 and the 5566.00 major Gann square.

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