S&P 500 E-MINI FUTURES MONTHLY REPORT 30TH JUNE 2019

S&P 500 PRIMARY & WEEKLY CYCLES

I STILL CONTINUE TO BE BULLISH ON US MARKETS UNTIL 2020.

THE WEEKLY LOWS AND JULY 50% LEVELS ARE SUPPORT, IF THERE'S EARLY WEAKNESS NEXT WEEK, FOR ANOTHER PUSH HIGHER

HOWEVER...

KEEP AN EYE ON AUSTRALIAN FUTURES AROUND 6775 THAT MAY CORRESPOND WITH THE JULY HIGHS IN THE S&P 500

THERE MAY BE TOPS IN THE MARKET AROUND THESE HIGHS.

LOOK FOR SHORT-TERM 5-DAY SET-UPS TO VERIFY TRADES ON THE DOWNSIDE (IT'S ALL IN THE BOOK)

DOWNSIDE TARGET IS WEEKLY LOWS AND THEN, AS FAR AS SUPPORT LEVELS AT 2798-2767

S&P 500 E-mini Futures 9th JUNE 2019 Monthly report

S&P 500 Primary & Weekly Cycles

We saw weakness hit US markets in MAY, with a breakout of the MONthly & Weekly lows, but it didn't hit the JUNE lows (BUY ZONE) early last week to catpure the next move upwards.

NEXT WEEK

Random resistance around the Weekly highs, with Support around the JUNE 50% level.

I'm still bullish on US markets until 2020, so we're now interested in the JULY levels in the forward month for trailing Support