SP 500 Futures Analysis & Targets

SP 500 Futures Analysis & Targets

The chart is key to this analysis.

(ESZ25) (ESH26) 

ESZ25

From last week,

The break after failing to make a new high in the area of a 78.6% retracement (6894.00) continued this week and hit the short term target area of 6632.00 (78.6%) and the 6594.75 major Gann square. To see if this break will continue we will be using 38.2% back to the ATH as the key level for the week.

Use 6686.00 as the swing point for the week.

Above it, the short term target area is 78.6% back to the ATH at 6864.00 and the 6906.25 major Gann square. A failure to....

 The rally above 6686.00 (38.2%) hit the short term target area of 6864.00 (78.6%) and the 6906.25 major Gann square. A setback from here can go 78.6% the other way per the ONE44 78.6% rule. We will still watch for a trade up to the 6906.25 major Gann square and close back below 6686.00 as this can cause a sharp sell off too. The key level for the week will be 78.6% at 6686.00. Provided it did hit the 6906.25 major Gann square the 78.6% level below will move up.

Use 6686.00 as the swing point for the week.

Above it, a failure to make a new high between 6686.00 and the 6906.25 major Gann square can send this market sharply lower. 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 is only one major Gann square left to look for resistance and then use it as the swing point when closed above at 7068.50.

Below it, the short term target is 78.6% back to the 11/21/25 low at 6601.00 per the ONE44 78.6% rule, there is also the 6594.75 major Gann square for added support.  The longer term target area is 23.6% back to the 4/7/25 low at 6466.00 and the 6443.25 major Gann square. The long term target and long term swing point is 38.2% of the same move at 6141.75 this also lines up exactly with 23.6% back to the 2022 low and a major Gann square to make it an even more important level. The 200 day average is now 6202.00. There is one major Gann square before then to look for support and then use as the swing point when it is closed below at 6290.75.
 

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