Rising Stack Signals Follow-Through Potential
Strength persists as futures ride the upper channel; breadth is max-bullish and dip-buyers defend quickly while deeper corrective zones remain untouched.
New To TradersPro?
Market Overview:
Futures remain in a firm uptrend with momentum breadth pinned bullish and price holding near highs above shallow retracement zones.
Bullish/Bearish Trend Analysis
Trend Condition:
Bullish Trends: 14
Bearish Trends: 0
Overview: The market is bullish, with 14 trend lines signaling upward momentum.
Trend Condition
Current Trend State:
The 14-line trend stack is expanding.
Width: wide.
Implication: A wide, rising stack favors follow-through; dip-buys tend to be shallow and quick.
Probability Outlook:
Continuation: ~64% chance while width < extreme.
Consolidation / Pullback: ~36% chance if width enters “very wide”.
Price Action and Momentum Zones
Current Price and Change:
Currently, the S&P 500 Futures are at 6,661.25, down by 8.50 pts or 0.13 %.
Market Behavior:
Steady; buyers continue to defend higher ground near recent highs.
Momentum Zones:
Price is holding above the upper momentum zone (23.6%) and well above the 38.2–61.8% corrective bands, keeping pullbacks contained.
Fib Retracement Levels
Current Position Relative to Levels:
The market is above the 23.6% Fib retracement.
Key Fibonacci Levels:
23.6 % → 6,256.67
38.2 % → 5,984.42
50.0 % → 5,764.38
61.8 % → 5,544.33
Analysis:
Trading north of the shallow retracement keeps the prevailing uptrend intact; only a move back into the 23.6% band would hint at a deeper pause.
Overall Market Interpretation
Bigger picture remains a rising trend with breadth support. Price is pressing the upper channel, so near-term wiggles are likely to be bought unless momentum width compresses.
Summary
Strength persists: breadth is max-bullish, the ribbon is widening, and price sits above shallow retracement support. Watch for compression or a close back into the 23.6% zone to signal consolidation risk.
New To TradersPro?
Bonus - 3 Stocks on the move today
Follow on Social Media
Understand Your Risk