Category: S&P

S&P 500 Futures

Market Pressures_

Copper pulling back, looking for a new long entry.

Gold and silver moving lower.

Crude is under pressure; Nat Gas as well.

After some volatility, the US 30yr T-Bond is moving lower (price).

The US Dollar has tested it upper channel boundary.

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S&P 500 Futures_

Monthly – the monthly short confirmation was never broken on close. Trade pressures are down but rising. The next target up is 2172. Volume close the October month as neutral.

Weekly – Trade pressure are up. Volume is bullish. a close above 2094 would confirm the move up.

Daily – In the long trade from the 1908 long entry. The 2051 profit target was met and is now acting as support. Trade pressures are up, but extended. Volume has changed from bullish to bearish at the close of the week.

A close below 2059 would signal lower.

S&P 500 Futures

Market Pressures_

Copper and the precious metals have failed to move higher amidst new ECB easing.

Oil and Gas have turned down as well. Crude may signal a new short trade.

The 30 yr Treasury Bonds signaled a new short entry.

The US dollar (DX) turned higher testing the upper bound of it’s yearly channel.

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S&P 500 Futures.

Monthly – the 25×5 moving average has acted as support these last three months. Trade pressures are down. The month close of the Volume was neutral. The monthly target up is 2203. The monthly target down is 1538.

Weekly – The 1822 target which was reached with the sell off in August has turned out to be the low. Trade pressures are up. Volume is Bullish. A close above 2094 will confirm the move up. The next weekly down side target remains 1640.

Daily – Flat. In the move up from 1908 clearing all the prior targets including the 2051. The extended target of 2113 is the next projection. Trade pressures are up. Volume is bullish.

A close below 2038 would signal lower.

S&P 500 Futures

Market Pressures_

Copper is consolidating at an upside target; still a China proxy.

Gold and silver have made moves up to targets.

Crude attempted a move up but was stopped at the first profit target.

The 30 Yr T-Bonds are acting as a safe haven with targets just above the current price levels.

The US Dollar is under pressure.

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S&P 500 futures_

Monthly – Price moved up off the monthly 1896 short confirmation level. Trade pressures are down. The September month volume closed neutral changing from the prior month’s bullish.

Weekly – Still a confirmed short. Trade pressures are rising thru neutral to up. Volume has been bullish for three weeks. A close above 2094 would confirm a change from Short to Long.  1640 is still a weekly downside target.

Daily – Flat. No trade. In the move up from the 1908 long entry. The first profit target of 1978 was reached and taken. The move has continued up toward the next profit target of 2051. Trade pressures are up but declining. Volume is still bullish.

Need a close below 1990 to signal a new short trade.

 

S&P Futures

Market Pressures_

Copper is long.

Gold and silver saw a move up.

Crude is long and Nat Gas is showing some signs of life.

The long US T-Bond is trying to signal a new short, but not yet.

The US Dollar (DX) is signalling lower.

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S&P 500 Futures_

Monthly – Price is sitting on the 1896 short confirmation level. Trade pressures are down. The September month volume closed Neutral changing from the prior month’s bullish.

Weekly – Still in the move down. Trade pressures have turned to neutral. Volume have turned to a net neutral from bullish. The 1822 target is still active.

Daily – Long. Long from the Monday open price of 1941. Traded thru the 1978 first profit target. Since this is a move up inside the weekly down move, take the first profit target. Trade is stopped out at 1978.

Trade pressures are up. Volume is bullish.

A new close below 1978 could signal lower.

S&P 500 Futures

Market Pressures_

Both Copper and Gold rallied with the US equity markets.

Crude Oil indicators are turning up, a possible entry is nearby.

US Treasury bonds are in a move up, but look for a possible short signal.

The US Dollar is in upward consolidation after the late August sharp move down.

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S&P 500 Futures_

Monthly – Price is sitting on the 1896 short confirmation level. Trade pressures are down. The September month volume closed Neutral changing from the prior month’s bullish.

Weekly – The Chart is bearish. Trade pressures are down but beginning to rise slightly. Volume has turned to bullish from the prior week’s bearish.

Daily – Long . The Friday volatile action closed above the 1905 long entry. The first profit target up is 1978. Use any pullback on Monday to attempt an entry near the long entry price.

Trade pressures are neutral, but almost ready to turn up. Volume close on Friday changed to Bullish from bearish.

S&P 500 Futures

Market Pressures_

Copper is looking lower.

Gold has made a nice move up; perhaps more to go.

The Crude oil move up has stalled. Need a new signal.

The 30yr T-Bond is attempting a new move up; watching for a volume signal.

The $US (DX) is influencing all these markets.

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S&P 500 Futures_

Monthly – The adjusted upside target is 2203. A confirmation of a short is now the 1896 level. Trade pressures are down. Volume ended in August as bullish.

Weekly- In a confirmed down move. Trade pressures are down but rising. Volume turned back to bearish after four weeks of consolidation. 1822 is the next target down.

Daily – Flat. Stopped out of the short trade from 1952 at 1924.  The next target down is 1843. Trade pressures are extended down. Volume has changed to bearish.

The directional changes are rapid so watching the 60 minute charts. The intraday target was 1895 and is now a likely support area. If the oversold condition resolves itself it could be from this area. Need a bullish change in indicators and a close above 1942 to start a new move up.

 

S&P Futures

Market Pressures_

Copper remains in the move up but is consolidating at the 2.45 level.

Precious metals are signalling lower.

Crude is still in the move up.

Nat Gas is lower with no direction.

The 30yr T-Bond short trade is still on.

The $US Dollar is retreating but shouldn’t expect too much lower.

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S&P 500 Futures_

Monthly – The August month closed lower but above the 1907 confirmation level for a short. Trade pressures are down. Volume closed bullishly.

Weekly – Confirmed Short from the 2056 level. Trade pressures are down but extended. Volume has been neutral for four weeks which may be a result of distribution.

Daily – Flat. The price rising amid the weekly distribution has made it difficult to sustain any move. Price remains in the downtrend from early June.

Trade pressures are down. Volume is bearish after the FED keeps rates down.

[Update Monday pm: Short from 1952. Next target down is 1924.  Stops are at 1969.]

[Update 9/22/15 Tues am: Lower stops to the short entry price of 1952.]

[Update 9/23/15 Wed Am: 1924 acting as support. next target down is 1909.]

[Update 9/24/15 Thursday: Lower stop to 1924.]

S&P Futures

Trying to be aware of any change in the pressures on the different time frames. The volatility has increased which has generated  some large swing days.  Sellers seem to have the upper hand.  But, for every seller someone is a buyer.

Monthly – Price has closed below the 3 month moving average. Trade pressures are still up but have lost momentum. And for the first time is many months the volume is bearish.  2191 remains the upside target. the monthly short entry is 1869.

Weekly – For the last three weeks prior to Fridays close, price has trade down thru the short entry price for the weekly but closed above; until Friday’s close. The weekly has confirmed the short with the close below 2016.

Daily – has been short on the three month cycle from 2042.  The trade has met the 1978 target. The next target down is 1964 and the 200 day moving average.  Could have traded the counter trend retracement trade off the January 19th low at 1970 at the 2001 long entry back to 2048, but this is very choppy and the trend is down.

Trade pressures are down. Volume is bearish.  Need a close above the 2035 to start a new move up.

S&P Futures

Monthly – Trade pressures remain up. Volume has turned neutral from bullish.next target up is 2191.
the monthly time cycles show downward pressures into June 2015.

Weekly – Trade pressures are down. Volume has turned neutral from bullish. Price has traded around the 2016 short entry for three weeks but no trigger yet. Be Alert! as this will confirm the Daily sell, and signal lower to 1904.

Daily  – the trade was short from the 2037 short entry on Jan 12th. Eventually traded down to the 80 day and other nearby targets around 1978.  the 1967 target and the 200 Day moving average are still active.

Trade pressures turned up as price closed above a short cycle retracement long entry at 2001 which was confirmed by a subsequent breakout above the pitchfork. The 2048 target was met and the move up was stopped on Friday by the 2062 pivot high.

Trade pressures are up. Volume is bullish. The next target up is 2097.

a close below 2035 would restart the move down.

Metals

COPPER_ Each contract represents 25,000 lbs, so each move of a penny is worth $250.  China reported a 7.4% GDP growth vs an expected 7.5%. Still it is the lowest rate of growth since 1990. But as a net purchaser of energy, the recent declines in the price of oil should save china $100 billion this next year.

Weekly – Two weeks ago copper dropped thru the 2.64 target, spiked down, then recovered to close near that 2.64 level. This last week apparently in reaction to the China GDP report Copper dropped again as it touched the new resistance that was created by the 2.64 level, it then turned down again.  The next weekly target is 2.32. The trade pressures are down and the volume is neutral.

Daily – The Daily trade is up from the long entry of 2.52. But the Trade pressures have turned down. Volume is Bearish. Alcolse below 2.47 would signal lower and cause the trade to be stopped out.

GOLD_ Reacting to the European QE, Gold already in a long trade moved up to the 1276 and the 1304 targets.

Weekly – is moving up off the 1142 downside target. But has not yet triggered the 1426 long entry. Trade pressures are up. Volume is bullish.

Daily – Is the in the long trade from the 1193 long entry. The next target up is 1344. Trade pressures are up and volume is bullish. A close below 1278 would signal a retracement down.

SILVER_  seems to be following gold, but at a slower pace.

Weekly – technically in a retracement of the long downward move from 21.50 to the 10.70 target. A close above 21.48 would restart the move up.  Trade pressures are up. Volume is bullish.

Daily – in the long trade from the 15.61 entry after the spike down to 14.00. The next target up is 20.84.  Trade pressures are up. Volume is bullish. A close below 16.64 would signal a new move down.