← Rumyrrh
S&P 500
US Large Cap Index  ·  Equity Index  ·  CME E-Mini (ES)
6,628.00 ▲ +7.98 (+0.12%) Open 6,624.02
Apr 7, 2026
Oscillators 3 Buy · 4 Neutral · 4 Sell
Neutral
MACD & Bulls/Bears bullish · Stoch overbought · ADX strong downtrend
4Sell
4Neutral
3Buy
Moving Averages 7 Buy · 4 Sell
Neutral
Price above DEMA10/20/30 · below DEMA50/100/200 · SAR & Tenkan bullish
5Sell
0Neutral
7Buy
COT Positioning Covering shorts
Improving
Net short −42.5K · shorts covered from −193K peak in Feb
241KLongs
−42KNet
284KShorts
Seasonality April − Bullish
+49.2 pts
April avg gain over 20yr history · strongest month of year
Apr+49.2
75%+ve months
May+8.5
News Sentiment Bearish
Bearish
Tariff uncertainty, NASDAQ -10.87%, risk-off sentiment dominating
4Bearish
1Neutral
0Bullish
Fed Policy Hawkish
4.33%
Fed funds 4.33% · ~2 cuts priced in 2026 · equity valuation headwind
4.33%Fed rate
21.5×Fwd P/E
~2Cuts priced
Options ≤7d Slight Bullish
Slight Bull
≤7 DTE · P/C 0.96× · 25,278 calls vs 24,259 puts · Futures 6,650.75
25,278Calls
0.96×P/C Ratio
24,259Puts
Oscillators 3 Buy · 4 Neutral · 4 Sell
Indicator Value Trend Signal
RSI (14) 49.02 ↑ Neutral
Stochastic (5,3,3) K 92.04 / D 89.90 ↑ Sell
CCI (14) 89.49 ↑ Neutral
ADX Wilder (14) 45.87 ↓ Sell
MACD (12,26,9) −56.36 / −85.52 ↑ Buy
Momentum (10) 100.368 ↓ Buy
Williams %R (14) −20.02 ↑ Neutral
Awesome Oscillator −114.85 ↑ Sell
Bulls/Bears Power (13) B 45.60 / Br 38.87 ↑ Buy
TRIX (14) −0.001762 ↑ Sell
MFI (14) 54.26 ↓ Neutral
ADX: 45.87  ·  +DI: 12.38  ·  −DI: 27.05  ·  Strong bearish trend
Moving Averages 7 Buy · 4 Sell
Indicator Value Dir Distance Signal
DEMA (10) 6,568.76 ↑ +56.7 Buy
DEMA (20) 6,524.45 ↑ +101.1 Buy
DEMA (30) 6,538.74 ↑ +86.8 Buy
DEMA (50) 6,611.52 ↓ +14.0 Buy
DEMA (100) 6,788.19 ↓ −162.7 Sell
DEMA (200) 6,925.34 ↓ −299.8 Sell
Ichimoku Tenkan (9) 6,473.53 → +152.0 Buy
Ichimoku Kijun (26) 6,606.85 ↓ +18.7 Buy
Ichimoku Cloud 6,871.44 → −245.9 Sell
SAR (0.02, 0.20) 6,341.97 ↑ +283.5 Buy
VIDYA (9, 12) 6,660.42 ↓ −34.9 Sell
Key levels Daily Pivot
R3 6,747.2 Daily resistance 3 −119.2
R2 6,688.1 Daily resistance 2 −60.1
R1 6,654.1 Daily resistance 1 −26.1
PP 6,594.9 Pivot point −33.1
NOW 6,628.00 Current price Live
S1 6,560.9 Daily support 1 −67.1
S2 6,501.7 Daily support 2 −126.3
S3 6,467.7 Daily support 3 −160.3
Fed Policy & Macro context Hawkish
Interest Rate Context
Fed Funds Rate 4.33%
10Y Treasury Yield 4.31%
S&P 500 Earnings Yield 4.65%
Fed funds at 4.33% creates meaningful competition for equities. Earnings yield (4.65%) only marginally above risk-free rate — compresses equity risk premium. Market pricing ~2 cuts in 2026; any hawkish surprise = headwind for valuations.
Valuation & Macro Indicators
Forward P/E (S&P 500)~21.5×Elevated
VIX (Volatility)23.87Elevated
USD Index102.1Neutral
US 2Y−10Y Spread−0.22%Flat
NFP (Mar 2026)+178KStrong
Tariff RiskActiveHeadwind
S&P 500 down ~10% YTD driven by tariff escalation, tech sector rotation and rate uncertainty. NFP remains resilient but tariff drag expected to weigh on EPS estimates through H2 2026.
COT — Commitments of traders (E-Mini S&P 500) Net Short improving Week of Mar 31, 2026
Large speculators
Longs 241,389 ▲ +27,252 w/w
Shorts 283,868 ▼ −11,160 w/w
Net position −42,479
Weekly breakdown
Longs added +27,252
Shorts covered −11,160
Net short −42,479. Was −193,483 at Feb peak. 5 consecutive weeks of short covering. OI remains elevated at 1.95M — shorts still building conviction, not exiting market.
Long / Short positioning — 6 months
Longs Shorts Net Open Interest
Key metrics
Peak (Jan 2026)
−19,022
Current net
−42,479
6-week change
+151,004
3yr percentile
22nd pct
12wk percentile
38th pct
Trend
5 wks covering
Open interest
Current OI
1.95M
OI w/w change
+68,346
3yr range
1.88M – 2.60M
3yr percentile
22nd pct
OI signal
Low OI + low net
= shorts covering
Seasonality — S&P 500 avg monthly point change Source: CME / Yahoo Finance · Close-to-close · Apr 2026 April selected
Period Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
S&P 500 Seasonals — cumulative point path (full year)
S&P Avg Change — April
CME ES options — S&P 500 open interest matrix P/C 1.06× Slight Bearish Apr 7, 2026 Futures: 6,650.75
Matrix P/C
1.06×
total puts/calls
Total Put OI
53,178 ▼ −12,657
contracts
Total Call OI
50,366 ▼ −12,752
contracts
Dominant Put Wall
6,550
12,345 puts · P/C 4.85× ▼ −3,185
Dominant Call Wall
6,675
7,399 calls · C/P 3.51× ▼ −583
Max Pain Zone
6,625–6,650
near-neutral zone
Cross-expiry OI by strike
Strike Put OI Call OI Δ Puts Δ Calls P/C Signal
Put vs Call OI by strike
Put wall
6,550
12,345 puts · P/C 4.85× · well below futures 6,650
Call wall
6,675
7,399 calls · C/P 3.51× · 25pts above futures
S&P 500 news feed Apr 3–6, 2026
Economic calendar — USD live events High Medium Low Live data via Investing.com
Data: Investing.com  ·  Country: 🇺🇸 USD only Actual ▲ beat / ▼ miss shown in colour