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S&P 500 Futures Buy-Sell Levels

|Includes: The Chemours Company (CC), HTHT, NVR, RACE, TTWO
Summary

Copper is in the move down. Both Gold and silver are in new short trades.

Crude is holding up well The next Crude target up is nearby and the new short entry is also nearby. Natural gas has turned down.

The US 30 year Treasury Bond has traded down sharply and should see some consolidation here.

The US Dollar futures remain in the move down towards the $88 target.

S&P 500 Futures_

Monthly - Price has pulled back to the prior 2768 target level. Trade pressures are still up and trending. Volumes closed the month of January as bullish. The next target up remains 3383. A close below 2657 would confirm a weekly move lower.

Weekly - The weekly short entry has been triggered. Trade pressures are up but rolling over. Volumes have changed from bullish to bearish. The next target down is 2686. The close below 2803 has confirmed the daily move down.

Daily  - Short. In the new move down from the 2836 short entry level after meeting the 2850 upside target. Trade pressures are down into the neutral zone. Volumes are bearish.

At 2761 the next target down and at the confluence of the 25x5 moving average and the uptrend support line. Expect some consolidation at these levels.

The next target down is the weekly 2686 level.

A close above 2864 would restart the move up.

Set the stops at the hourly 25x5 moving average of 2807.

Three of the Navellier Top 5 have entered into new downtrends.

[The author may have long or short positions in any of the securities mentioned.]