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S&P 500 Futures Buy-Sell Levels

|Includes: ABIOMED, Inc. (ABMD), EC, HEI, HFC, SPGI

Summary

Copper is up near the new retracement long entry. Gold has triggered a new move. Silver also.

Crude oil had a pull back to moving averages and has moved up off those levels. Natural gas is still in the slow decline.

The US 30 year Treasury Bonds are in a new move down.

The US Dollar futures pulled back Friday, but are still in the weekly move up.

S&P Futures_

Monthly - Four months up inside the February signaled move down. Trade pressures are up but still in decline. Volumes closed the June month as bullish. The next target down is 2304. A close above the old high of 2883 would confirm any weekly move up.

Weekly - This April to July rally continues, but is now approaching the downtrend resistance line at 2833. Trade pressures are down into the neutral zone. Volumes are bullish for two weeks in a row. In a new confirmation of the Daily move up after the close above 2800 last week. The next target up is 3226.

Daily - In the move up from the 2740 entry level. Trade pressures are up but just turning down. Volumes are neutral at the end of the week.

The next targets up are 2817 and 2823; which is also the level at which the February 2nd market sell off began.

Resistance is also at those upper targets and 2887 is the old high, so be alert for a pullback here. The long trade stops have been raised to 2780.

The Navellier Top 5 prices are recovering nicely from the two week pullback. Most will report earnings in these last two weeks of July which may give these individual stocks some new energy.