S&P 500 Futures & Gold Analysis
The charts are key to this evaluation.
S&P 500 Futures
ESM26
The final two highs after the ATH was made on 1/28/26 have been stopped by a 78.6% Fibonacci retracement, on 2/11/26 it was 6985.00 after which on 2/25/26 at 6966.00.
We know following the ONE44 78.6% rule that,
Any market that hits 78.6% ought to go 78.6% again the opposite manner. This can be the place a variety of Bull markets finish and begin.
When a market does react to 78.6% it normally creates extensive swings that undergo all the opposite retracements, this both occurs in very giant buying and selling ranges or very small, it’s also the extent hit most frequently when the market is reacting from 23.6% and 38.2% and fails to make the brand new excessive/low. This is the place a variety of Bull runs begin and finish.
The first setback from the two/11/26 excessive hit 78.6% the opposite manner on 2/17/26 at 6808.00 and that despatched it 78.6% the opposite manner once more on 2/25/26 at 6966.00. We will now see if the break from 6966.00 (78.6%) would be the finish of the Bull run for now. Friday’s shut was slightly below the 6752.00 main Gann sq. and this would be the key degree for the week.
We have accomplished over 45 movies on methods to use the Fibonacci retracements with the ONE44 guidelines and guideline, this is our latest.
GOLD
Gold has continued to carry the 38.2% retracement on all of the setbacks retaining the development optimistic.
ONE44 38.2% rule,
The 38.2% retracement is the one most necessary one and is the extent we use for the “Golden Rule“.This rule being,” any market that is going to keep its current trend must hold 38.2%“. As lengthy because it does the development will proceed and it ought to make new highs/lows from that retracement.
A sub set of tips with the 38.2% degree are for when the market fails to carry this degree and when the response from it both fails to make a brand new excessive/low, or makes a barely decrease low/larger excessive and will get proper again above the earlier excessive/low.
On the failure to cease at 38.2% it tells us….
Even the late January plunge held 38.2% again to the 5/15/25 low at 4735.00, this was additionally 23.6% again to the ten/6/23 low. It did commerce effectively beneath this degree and had one shut beneath it (we at all times need to see 2 to verify the violation) and the following day was proper again above it. On the rally from there it held 38.2% on 2/17/26 at 4881.00, which was additionally a significant Gann sq. and the rally from there hit 78.6% again to the ATH at 5374.00. As we point out within the SP 500 replace that is the place a variety of Bull markets can finish. The setback from 5374.00 has hit 38.2% again to the two/2/26 low at 5052.00 and this would be the key degree for the week.
To get the swing point for the week and the Above/Below levels you can click here.
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Our purpose is to not solely offer you actionable info, however that will help you perceive why we expect that is occurring based mostly on pure worth evaluation with Fibonacci retracements, that we consider are the underlying construction of there markets and Gann squares.
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