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S&P 500 Futures Buy-Sell Levels

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

Copper has pulled back to the 25x5 moving average, look for a possible short entry. Gold and Silver are accelerating the move down.

Crude Moved up to test the 25x5 moving average and is now pulling back and has triggered a new short. Natural gas is continuing to generate new lows.

The US 30 year Treasury Bonds continue the move down, but set some tight stops.

S&P 500 Futures_

Monthly - The monthly trading range has narrowed significantly. Trade pressures are up. Volumes closed the month of June as bullish. The next monthly target up is 2768. A close below 2230 would confirm any weekly move down.

Weekly - Trading below the prior weekly closes. Trade pressures are up but showing some divergences. Volumes have changed from bearish to neutral. The next target up is 2477. A close below 2379 would confirm any Daily move down.

Daily - Flat. The 2432 short entry produced the expected move down but after moving the stop to break-even, the trade was stopped out for no gain. Trade pressures are in the neutral zone which may account for the lack of follow thru. Volumes are bearish.

Look for a re-entry in to the short on any rally without bullish volumes.

Void this re-entry if the old 2451 high pivot is taken out.