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CME Group released its latest Equity Insights Report. The report shows that open interest in S&P 500 Month-End options exceeded 129,000 contracts.
S&P 500 Equal Weight futures saw average daily volume grow 181% year over year. Dividend futures and options recorded a 58% increase in average daily volume over the same period.
CME Group ($287.27) trades below the MA-20 ($293.92) and MA-50 ($303.35), indicating ongoing short- and medium-term pressure from sellers, while sitting above the long-term MA-200 ($281.56) which continues to act as foundational support. The Ichimoku Kijun at $293.64 is positioned above the market and acts as immediate resistance, while near-term support is clustered around the MA-200 ($281.56) and key support comes from the MA-100 ($291.77). Immediate resistance sits at the Kijun ($293.64), with the next key resistance at MA-20 ($293.92).
Momentum signals show a mixed but generally bearish setup. On D1, MACD remains negative and signals “Sell,” while ADX at 22.05 indicates a weak trend. RSI (41.38), CCI (–69.69), and BBP (–1.22, “Oversold”) all suggest lingering downside, with sellers maintaining dominance in daily trading. Stoch RSI is neutral, hinting at indecision, while the Awesome Oscillator is neutral and does not confirm either direction. The weekly picture shows CME Group trading at $287.27, up from the previous week’s $285.03, for a modest 0.79% gain. The price now sits at the very top of the weekly range, with volatility standing at 2.75%. The week has seen a steady recovery from the low, but oscillators reveal a divergence, as price strength contrasts with weak underlying momentum.
Looking ahead, CME Group is expected to trade within the $285.10 to $286.94 range over the next week, reflecting a consolidation phase anchored just above the 52-week low of $257.17 and well below the year’s high of $329.16. W1 trend signals tilt cautiously bullish: MA-50-W1, MA-100-W1, and MA-200-W1 all flag “Buy,” while MACD-W1 shows “Strong Buy,” but RSI-W1 and ADX-W1 are both neutral-to-bearish. This produces a very high probability (more than 80%) for a sideways or modestly higher move, with downside risk seen as less likely. Baseline scenario sees the price holding in a tight range between $285 and $287 as buyers and sellers balance out. In a bullish break, a successful push above $293.64 could open the way for further upside toward $294–$295. On the downside, a clear drop below $281.56 would shift momentum in favor of sellers, risking a fall toward $280.
Earlier, analysts noted that CME Group was facing continued near-term bearish momentum but was expected to stabilize around longer-term technical support, with traders watching for a decisive move to determine the next trend. The current analysis adds new insight by highlighting evolving market dynamics and advises investors to monitor for any significant shift in momentum that could redefine the prevailing scenario.