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S&P 500 Futures Buy-Sell Levels

|Includes: SDS, SPDR S&P 500 Trust ETF (SPY), SSO

Market Pressures_

Copper is in a new move up.

Gold and silver are down.

Crude Oil is in a new move up. Nat Gas remains directionless.

The 30yr T-Bonds is in a new move down.

The US dollar is trying to rally but volume is drying up.

This trading week is not well attended with the last of the summer holidays affecting trading volumes. Wait for your entries.


S&P 500 Futures_

Monthly - Trade pressures remain up but are approaching neutral. Volume closed bullish the July month end. The next target up is 2182. The confirmation of a move down is a close below 1907.

Weekly - In the move down after the 2056 short confirmation. The first target of 1832 was reached. Now neutral volume reflects the retracement off that 1832 target. The next target down is 1650.

Daily - The trade Flat. A new long attempt was stopped out at the 1873 long entry. Volatility range is higher than the stops. Trade pressures are down but ready to cross over to the positive. Volume is bullish, but should be light this week.

Need a pullback and a renewed push upward to lower risk in a new long entry.

A close below 1923 would signal a retest of the lows.

(It will be better to watch the commodities for a trade.)

Additional disclosure: The author may have long or short positions in any of the securities mentioned.