S&P500 E-mini Levels For 3/25/2025

$ES_F Analysis & Game Plan

Big Picture: Bias is Bearish, Market Has Broken The Upward Channel Support From October 2023 Low, $VIX Below 20 (complacency)

• Today´s Pivot is 5793

About a week ago in the prior Sunday post, I confidently projected a high likelihood of a relief bounce in the stock market. My reasons were seasonality, market breadth, and extremely Bearish sentiment. So far, this has proven accurate, as yesterday’s gap up, coupled with the $VIX dropping well below the 20 level, collectively signaled a strong Bullish move. However, the key question is whether this rally is sustainable or if the market has another leg to the downside.