#emini #spfutures #SP500 #ES

Market Pressuers_

Copper rallied to upside targets and now profit taking. Gold and gold had similar rallies and profit taking.

Crude oil dropped thru the short entry and kept going. Natural gas trading in side the weekly basing  channel.

The US 30 Year Treasuries are trading between 153-156.

The US Dollar futures are range bound between 96 and 97.

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S&P 500 Futures

Monthly – New monthly highs at 3023.50. Trade pressures are up. Volumes closed the month of June as bullish. The next target up is 3408. A close below 2802 would confirm any weekly move lower.

Weekly – A down week. Trade pressures are up. Volumes are bullish. The next target up is 3048. A close below 2895 would confirm any daily move lower.

Daily – Still in the move up from the 2969 July trigger. Trade pressures are down into the neutral zone. Volumes are bearish. The next target up is the 3023 highs. A close below 2968 would signal lower.

2949 is the 25×5 MA and should act as initial support.

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Navellier Top 8 Stocks – The $100,000 Virtual portfolio is valued at slightly more than $117,000 for the YTD.

 

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