SP 500 Futures Update

(ESM25) 

From last week,

The rally from 4850.00 (23.6% back to the 2009 low) has now taken out 61.8% back to the ATH at 5652.00, this will be the key level for the next week. The long term target remains a new ATH, however you always have to watch the 78.6% level, as this can cause a sharp setback.

Use 4652.00 as the swing point for the week.

Above it, the long term target is a new ATH. The short term target area is the 5850.25 major Gann square and 78.6% back to the ATH at 5880.00, a setback from this area can cause a quick selloff. Following the ONE44 78.6% rule, the setback could be 78.6% the other way, however as always we will be watching every retracement to see just how weak, or strong the market is regardless of the long term target. The 200 day average is at 5775.00. Above 5880.00 there is the 5996.50 major Gann square and then the cluster of major Gann squares that sent this market lower between 6102.00 and 6142.00.

The big rally this week took it through the 5850.25 major Gann square and 78.6% at 5880.00 without any hesitation and it now has 4 closes above it, so this will be the key level for next week. 
Use 5877.00 as the swing point for the week.
Above it, there are only major Gann squares to look for resistance and then use as the swing point when closed above, the next few are 5996.50, then the cluster of major Gann squares that already sent this market down to 23.6% (4850.00) to the 2009 low between 6102.00 to 6142.00  and then 6290.75. We will be watching the retracements below for any sign that the current trend is changing.

5/25/25

The setback from the 5996.50 major Gann square took it below the 200 day average at 5802.00 on Friday, but closed above it (a positive sign). It fell well short of the 23.6% retracement back to the 4/7/25 low at 5706.00, this is also  a major Gann square and it will be the key level for next week, Holding above this level keeps the short term trend extremely positive and a new high can quickly follow.

Use 5706.00 as the swing point for the week.

Above it, the short term target is 78.6% back to the 5/20/25 high at 5947.00, a failure to make a new high in the area of a 78.6% retracement can cause a quick selloff per the ONE44 78.6% rule. The longer 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.

Below it, the short term target area is the 5566.00 major Gann square and 38.2% back to the 4/7/25 low at 5540.00, taking this level would turn the short term trend negative. The long term target area is the 5283.75 major Gann square and 61.8% of the same move at 5265.00.

We have done 47 videos on how to use the Fibonacci retracements with the ONE44 rules and guidelines. These Videos are worth watching even if it is not in the market you are trading, as the ONE44 rules and guidelines are the same for every market. You will also see why we believe the Fibonacci retracements are the underlying structure of ALL markets.

Here is the latest.
 

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