This will be the last update for December.

The Chart is key to this analysis.

(ZCZ24) (ZCH25) 
From last week,

The setback from 429.00 held above 38.2% at 416.00 (417.00 low) and this is a positive sign. It still needs to get a couple solid closes above the combination of longer term retracements at 429.00 (23.6%/38.2%), so this will be key for the next week again.

Now,
Use 429.00 as the swing point for the week again.
Friday's high was 429.50 and the setback is approaching 38.2% back to the 8/27/24 low again at 416.00.

Use 416.00 as the swing point for the week.

Above it, the short term target is the 441.00 major Gann square, hitting this level and closing back below 429.00 could cause a sharp selloff.. The long term target is the long term swing point at 472.00, this is 38.2% back to the contract high.

Below it, look for the next area of support is the 405.75 major Gann square and 61.8% back to the same low at 404.00. The long term target is 78.6% of the same move at 396.00.

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Here is the latest.

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