The S&P 500 futures ($ES_F) have experienced notable volatility and a strong recovery since early August 2025. After a low point around 6290-6300, the index rebounded sharply, with resistance levels identified between 6344.75 and 6381. Key resistance zones included 6355.50, 6365-6375, and 6370-6381, which were closely monitored for potential breakouts. The weekly value area near 6360 to 6372.50 was a critical level, with the index briefly surpassing the 6-month high at 6395, signaling a potential bullish trend if support holds. Market participants observed that a close above these resistance points would be bullish, while short setups targeted support zones near 6310-6333.25. The volatility index ($VIX) broke support at 17.43 and declined about 3%, indicating reduced market volatility and supporting the upward momentum in futures. Technical analysis highlighted strong buying interest at pre-market support zones around 6325-6332.25, with a gamma flip at 6380 suggesting limited defensive activity by dealers above this level. The market's price action showed a pattern of dips being absorbed near the 8/21 EMA cloud, reinforcing the bullish sentiment. Since July 1st, $ES_F has formed two bull flags: the first from 6230 to 6333, which broke out early August, and a second with resistance at 6415, closing near this level as of the last trading day. The planned targets for the following week were 6452, 6487, and 6520, indicating expectations for continued upward movement in the S&P 500 futures market.
Big Picture View: Since July 1st, #ES_F has built a massive range. Its two bull flags: 1) 6230 to 6333. This broke out Monday 2) Another bull flag formed since July 22nd with 6415 resistance. Closed here Friday Plan Next Week: 6452 1st up, final reaction there, then 6487, 6520. https://t.co/Np7vT76qj0
$TEF weekly look. Nice little consolidation just under old highs. https://t.co/H4HTEp5EFu
Every dip down to the 8/21 EMA cloud gets gobbled up. $SPY 🍽️ https://t.co/cYwr5906xP