Market Pressures_

Copper rips down thru the prior lows. Gold is testing the yearly lows. Silver is under similar pressures down.

Crude Oil futures are in the second leg down. Natural gas is at resistance with pressures pointing up.

The US 30 year Treasury Bonds are at a new decision point.

The US Dollar futures are at target and experiencing consolidation.

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S&P 500 Futures_ #spfutures

Monthly – Up against a potential MACD crossover. Trade pressures are up and leveling out. Volumes closed the month of July as bullish. The next target up is 2887.A close below 2634 would confirm any weekly move lower.

Weekly -Resistance has been broken and now in a new uptrend. Trade pressures are up. Volumes are bullish. The next target up is the prior high at 2887, then 3226. A close below 2738 would confirm any daily move lower.

Daily – Flat. The prior long trade was stopped out at the 2789 level, but turned back higher the next two weeks. Trade pressures are still in the neutral zone. Volumes remain bullish.

The next target up is again the prior high of 2887. Support has been the 2800 level.

A close below the 2803 would signal lower.

The Navellier Top 5 are sagging in this low volume August, but the expected sales and earnings growth  exceeds that of the general market. These Top 5 are still up roughly 10% on the year.