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The Cartography Corner: E-Mini S&P 500 Futures, Bitcoin Futures and high-grade Copper Futures

E-Mini S&P 500 Futures

In our August 2025 edition of The Cartography Corner, we provided the following analysis of E-Mini S&P 500.

Futures:

Support/resistance:

For August, the isolated monthly support and resistance levels are as follows:

  • M4: 7069.50
  • M1: 6671.50
  • M2: 6587.00
  • M3: 6494.75
  • PMH: 6468.50
  • Close: 6374.25
  • PML: 6227.25
  • M5: 6189.00
  • MTrend: 6108.53

Active traders can use M3: 6494.75 as the pivot. Traders should maintain a long position above this level and adopt a flat or short position below it.

Figure 1 presents a candlestick chart illustrating daily price movements throughout August 2025. Support and resistance levels, identified using our methodology, are indicated by dashed lines. The market price tested the first isolated support level at PML: 6227.25 during the opening trading session, with the intra-month low recorded at 6239.50 on August 1. Over the subsequent ten trading sessions, the market advanced to, and briefly exceeded, the isolated pivot level at M3: 6494.75; however, it did not settle above that level. In the following four sessions, the market declined by 1.3%, before advancing again over the next four sessions to settle above M3: 6494.75. Minimal follow-through was observed during the final two sessions, with the intramonth high established at 6523.00 on August 28.

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Author

James Brett Freeze, CFA

James Brett Freeze, CFA

Global Technical Analysis

Mr. Freeze has 30 years of experience, having managed capital in both major financial institutions and private investment funds.

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