S&P 500 Futures Buy-Sell Levels

Sep. 22, 2019 11:47 AM ETAutoZone, Inc. (AZO), CCEP, ABR, CSWC, EEFT, NEE, SUI, UI
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Contributor Since 2013

A weekly blog - Technical Analysis with an emphasis on the futures markets to measure pressures on the equities markets. Buy-Sell Levels are produced for selected futures contracts that are used to trade and to measure the pressures on the equities markets.


  • Copper is in a retracement move down. Gold is consolidating inside the move down. Silver is consolidating inside its move down.
  • Crude Oil is in the move down. Natural gas is also in the move down.
  • The US 30 year Treasury Bond is near a new long entry.
  • The US Dollar futures are in a tight consolidation around the 98 level.

S&P 500 Futures_

Monthly - Remains in the move up. Trade pressures are up. Volumes closed the month of August as bullish. The next target up is 3408. A close below 2808 would confirm any weekly mover lower.

Weekly - In the move from the 2942 new long entry. Trade pressures are rising in the neutral zone. Volumes are bullish. The next target up is 3048. A close bow the 2901 would confirm any daily move lower.

Daily - Flat. In consolidation at these old highs. Trade pressures are up but turning down. Volumes are bearish.

The next target up is the prior high of 3020, then 3072.

A close below 2965 would signal lower.

The 60 minute chart is in the move down already woith a 2979 downside target nearby.


Navellier Top 8 Stocks – This Top 8 model portfolio began the year at $100,000 has moved up this week slightly to approximately $114,000, or up about 14 percent for the year-to-date which is still trailing the major averages.

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

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