@creamofgaibussy Not sure if you’ll remember me (I was under the profile persanes) but we used to chat and share videos back in the day. Would love to catch up.
Premarket futures are little changed. Technicals remain constructive, supporting the case for a strong year-end close.
With low trading volume expected over the next two days, we are not initiating new trades and will focus instead on monitoring and managing existing trades.
In premarket action, silver appears to be staging a dead-cat bounce, while CME margin increases are not yet complete. We expect additional margin hikes in the coming weeks, which could continue to pressure the metal.
Premarket futures are modestly lower. Over the next three sessions, we expect a sideways market, largely due to the absence of meaningful institutional participation.
We continue to project $SPY advancing toward the 692 zone, which we view as an ideal window to unwind long-term speculative positions.
In the silver market, price action is unfolding largely as anticipated. $SLV Silver has declined from its peak of $82.67/oz to around $74.7/oz, representing a drop of nearly 10% from the highs. Notably, CME margin increases are not yet complete. We expect margins to be raised at least two additional times to curb excessive speculation, which could exert further downside pressure in the days ahead.
Broadly, most markets appear to be in a topping phase, with only a handful of stocks and selective sectors showing relative strength and near-term potential. Areas of interest include fintech, power infrastructure, and related themes.
Additional analysis and positioning details are available in our 2026 Market Macro Outlook to members.