The Morning Fibocall For July 10, 2019

SPX-cash (Long term view)

Our short term overshoot level @ 3007.31 and our longer term overshoot level @ 3081 are still our LT upside targets.
Some backing and filling will come along the way, so know our key levels.
A close back below the 5/1 high @ 2954.13 to sell some.
The sharply rising 20 DMA @ 2935.25
A close below our first support @ 2932.82 to sell some more.
The  50 DMA @ 2887.50 are below

Long term overbought condition is unwinding

S&P futures: (Short term view )
Our short term overshoot level @ 3023.50 is above
Our very short term bounce zone @ 2960.50-2949.50 is below and
I would buy inside the zone if given the chance.

The 20 DMA @ 2944.25 with our first long term support @ 2941.50
A CLOSE below to make sales.
Long term overbought condition is unwinding

IWM

Our very short term bounce zone @ 154.40-153.53 came very close to being tested yesterday before it bounced.                                     The 20 DMA @ 153.78 and the 50 DMA @ 153.43 are below
I would be a buyer inside the zone.
A CLOSE below the 50 DMA as ashort term exit.
No long term signal here

CRUDE
Trading above the falling 50 DMA @ 58.04 , the 200 DMA @ 58.43
and NOW inside our selling zone @ 58.60-60.49
A close above 60.49 is quite bullish.
The 20 DMA @ 56.37  with our ST bounce zone @ 55.44-54.30 are below
I would buy inside the zone if given the chance

No LT signal here  

XLF
Holding our first LT support level @ 27.58 remains bullish
with the rising 20 DMA @ 27.46 and the 50 DMA @ 27.25 below.
The 7/5 high @ 28.26 and the 9/20/18 high @ 29.07 are above.
A close below first short term support @ 27.94 to make some sales.
Our ST bounce zone @ 27.58-27.41is below

No long term signal here

QQQ:   The 7/3 high @ 191.44 with our overshoot level @ 196.53 are above
Our short term bounce zone @ 188.05-187.24 and can look to buy some inside the zone.
The sharply rising 20 DMA @ 187.03 with our first LT support @ 186.21 and holding remains LT bullish.
No new long term signal here

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