Interestingly enough that the first futures contract opened a few days before ATH 0.55% and is closing at a yearly low. HOW CONVENIENT FOR THEM. Basing price action off of this and looking at charts. One would assume that we see a small bounce here only to trend back down for the contracts to close at the end of July. Monthly chart seems like it will be ready to uptrend around end of July so this matched up perfectly with futures . Then uptrend through August and September to close those 2 contracts at highs. There's a new contract just added that opened today July 2nd. I'll update that one when I have time.
Great chart but it doesn't account for CBOE futures. Case in point - CBOE contract that opened on June18th at 5800 and closed on July 18th at 7500. These last 3 weeks were sorta tug of war between CME bears per your charts and CBOE bulls longing june-july contract. Now I think we are ready to go down unless the new CBOE contract is also longed which I doubt based on volume.