Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

S&P 500 Futures Buy-Sell Levels

|Includes: ProShares UltraShort S&P 500 ETF (SDS)

Market Pressures _

Gold and Silver have met profit targets. Copper is looking higher.

Crude is in a move down. Nat Gas made a nice move up to meet all profit targets.

The US 30year Treasury futures are at highs and could be ready for a short.

The US Dollar futures are grinding sideways to lower.


S&P 500 Futures_

Monthly - The last three months are in a tight range. Trade pressures are up. The month of June closed as bullish.

Weekly - The short confirmation level is 2038. The weekly low of 2040 came close but closed well up. Trade pressures are up but turning down. Volumes have changed to bearish.

Daily - Short. 2078 was the short entry and after lowering stops to the short entry, the trade was stopped out for no gain. Watch for another short entry.

Trade pressures are down. Volumes are mixed bullish to bearish.

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