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S&P 500 Futures Buy-Sell Levels

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

Summary

Copper has had a significant move up thru expected levels. Gold continues the move up. Silver is at a target level that may provide resistance.

Crude looked lower then turned up at the 25x5 moving average. Conversely, natural gas continues lower.

The US 30 year Treasury Bond also looked higher, then broke lower.

The US Dollar futures continue the grind lower.

S&P 500 Futures_

Monthly - The summer months continue higher. Trade pressures are up. Volumes closed the June month as bullish. The next monthly target up is 2788. A close below 2259 would confirm any weekly move lower.

Weekly - At the weekly target range of 2477-2484. Trade pressures are up. Volumes are bullish. The next target up is the 2484 level. A close below 2408 would confirm any daily move down.

Daily - Flat. In the move up from the mid-April 2397 level. Trade pressures are up but declining. Volumes remain bullish.

The next daily target up is 2522.

The mid week wide-ranging bar had a spike down to 2457 with increased volume. There is also a short entry level at 2460. A close below those levels would signal lower.