S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is in a new short. Gold and Silver rally with the new war drums in the middle east.

Crude oil rallies with the Middle east bombings. Natural gas is weak despite the turmoil.

US 30 year Treasuries are a safe have trade for a while.

The US Dollar futures rallied, but just back to the prior support levels.


S&P 500 Futures_

Monthly – In the move up from the 2904 April ’19 long entry. Trade pressures are up. Volumes closed the December month as bullish. The next target up is 3408. A close below the 3042 level would confirm any weekly move lower.

Weekly – In the move up from the July ’19 long entry of 2943. Trade pressures are up and trending. Volumes are bullish. The next target up is 3484. A close below 3114 would confirm any Daily move lower.

Daily – Flat. Multiple targets at the 3260 level have been reached so expect some consolidation or retracement. Trade pressures are up but declining. Volumes remain bullish. The next target up is 3375. A close below 3202 would signal lower.


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

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