Commodity Futures Weekly Newsletter- For the week of June 30th, 2025
S&P Futures set new all-time high at 6,265.60
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A publication by the Research Team at Capital Trading Group: 800-238-2610
Indices
S&P E-mini Futures
S&P Futures set new all-time high at 6,265.60.
Hello and Welcome! After a week off, in this week’s newsletter we will start with the Indices, with the Emini S&P in focus. The daily chart shows a now 5-wave rise from the April chart low of 4832. After besting the previous all-time high of 6,166.50 the next upside target is 6,254.50 and has been reached heading into Monday‘s close. The market set a new all-time high of 6,239 last week. A new high at 6,265.60 was struck today.
The market climbs a wall of worry
Support remains at 5,756.50 for the advance and as it holds, the upward rise would be thought to be in progress. With RSI still in bullish territory at 73.08, continue to allow for further upside while reading out above 50. The series of higher highs and higher lows indicates a trending market since the 4,832-chart low. Whether Tariffs, War, Affairs Foreign or Domestic, Supply Chain concerns or otherwise the market has risen to new all-time highs, adding credence to the time-tested adage that the market climbs a wall of worry.
Conclusion
Look for a continuation to new highs above 6,254.50, where the current leg of the rise from 4,832 reaches 1.618x times the length of the initial rise and is listed on the chart. The next Fibonacci Extension level higher is located at 6,520.75, where Wave 3 reaches 2.0 times the length of Wave 1, which started at 4,832. Support is 5,756.50 to keep the series of higher highs and higher lows intact.
For complete strategies in Futures and Option pricing to potentially capitalize on this analysis, call 800- 238-2610 to speak to a registered broker with Capital Trading Group or request more information on how to get started via email sent to info@capitaltradinggroup.com.
Thank you!
Trading advice given in this communication, if any, is based on information taken from trades and statistical services and other sources that we believe are reliable. The author does not guarantee that such information is accurate or complete and it should not be
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