Market Presssurs_

Copper is in free-fall, perhaps the tariffs? Gold and Silver are showing some signs of a retracement up.

Crude oil is in consolidation at the the upside targets and near a trigger to start a downward retracement. Natural Gas has moved down to the 100% target and the uptrend support line.

The US Treasury Bond prices are rising as money flows come into the US.

The US Dollar futures are testing a new short entry.

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S&P 500 Futures_

Monthly – In the move down from the 2662 level. Trade pressures are up but declining. Volumes closed the moth of June as bullish. The next target down is 2304. A close above 2883 would confirm any weekly move up.

Weekly – Still in the move down from the 2803 short confirmation level. Trade pressures are down into the neutral zone. Volumes are bearish to neutral. The next target down is 2589. A close above 2802 would confirm any daily mover higher.

Daily – Long. A new long entry at the 2740 level. Trade pressures are up into the neutral zone. Volumes are bullish.

The next target up is, first the prior high pivot at 2796, then 2817.

A close below 2693 would stop the trade, and signal lower.

[7-9-18: Raise stops to the entry price of 2740.]

The Navellier Top 5 stocks begin reporting earnings in the third week of July. The $18,000 profit has dropped to $12,000 in this correction; but still above the averages.