S&P 500 Futures_
Monthly - Down for the month. Trade pressures are up but now turning down. Volumes closed the month of July as bullish. The next target up is the prior high at 3029. A close below the 2808 leve would confirm the weekly move lower.
Weekly - In the move down. Trade pressures are down. Volumes are neutral. The next target down is 2712. A close above 2942 would confirm any daily move higher.
Daily - Short. The close below 2879 on Friday triggered the short entry. Trade pressures are down into the neutral zone. Volumes are bearish.
The next target down is 2795.
A close above back above the 2845 level would signal higher; and should be set as the stop.
Navellier Top 8 Stocks – This Top 8 model portfolio began the year at $100,000 and remains approximately $110,000, or up about 10 percent for the year-to-date, even after the market correction.
[The author may have long or short positions in any of the securities mentioned.]