SP 500 Futures Analysis & Targets
ESZ25
From last week,
The big break on Friday took the market below the 6594.75 major Gann square and 38.2% back to the 8/1/25 low. In the after hours trade, it went down to 6540.25, however the closing price was 6595.25 (3:00pm) and this will be the key level for the week. Getting right back above 6594.75 would be a strong sign and a new high can happen very quickly.
Use 6594.75 as the swing point for the week.
Above it, the short term target is 78.6% back to the 10/9/25 high at 6752.00, this is also a major Gann square. Our long term...
From the 10/15/25 update,
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It did get right back above 6594.75 and has now hit the short term target of 78.6% at 6752.00.
There are two things that can come from a 78.6% retracement.
One is it just goes 78.6% back to where it just came from, this would be 6594.75, it is also a major Gann square. If this is all it sets back the trend remains extremely positive and a new high can quickly follow.
The second thing is, it can end the rally for now and you can look for the longer term levels from Sunday's update.
Below it, the short term target area is the 6443.25 major Gann square and this is also 61.8% back to the 8/1/25 low. The longer term target area is the 6290.75 major Gann square, and 6337.00 this is 23.6% back to the 4/7/25 low. The long term target and swing point is now 6066.00, this is 38.2% back to the 4/7/25 low. The 200 day average is now 6076.00.
The break from 78.6% at 6752.00 has now hit the short term target of 78.6% the other way at 6594.75 per the ONE44 78.6% rule, this was also a major Gann square and will be the key level for the week.Â
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Use 6752.00 as the swing point for the week.
Above it, if this is all it can setback the market remains extremely strong, you will still have to watch the 6752.00 major Gann square again for the short term target. 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 6906.20 and 7068.50.
Below it, the short term target area is the 6443.25 major Gann square and this is also 61.8% back to the 8/1/25 low. The longer term target area is the 6290.75 major Gann square, and 6337.00 this is 23.6% back to the 4/7/25 low. The long term target and swing point is now 6066.00, this is 38.2% back to the 4/7/25 low. The 200 day average is now 6092.00.
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