Market Pressures_

Copper has triggered a new long entry. Gold is in consolidation and the trade is cancelled. Silver parallels gold, no trade.

Crude and natural gas are  pressing upward near a new long entry.

The 30 year Treasuries are in a short trade and near a profit target.

The US Dollar futures are consolidating after the April rally.

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S&P 500 Futures_

Monthly – The monthly is in a rally and now near a MACD crossover. Trade pressures are up but still in still in decline. Volumes closed the month of July as bullish from the neutral June close. The next target up is 3379. 2674 would confirm a weekly move lower.

Weekly – Continues the move up off the 2576 lows. Trade pressures are now up. Volumes are bullish. The next target up is the 2887 prior high. A close below 2767 would confirm a daily move lower.

Daily – Long. In the move up from the 2740 level. Trade pressures are up. Volumes closed the week as bearish. The Facebook earnings caused a sell off in the FAANG stocks.

The next target up is 2894.

A close below 2789 would signal a new move lower.

[7-31-18: raise the stop to this new short entry level – 2789.]

The Navellier Top 5 took a dip as the Abiomed earnings disappointed.