#emini #spfutures #SP500 #ES

Market Pressures_

Copper while still in the downtrend is moving up to a new long entry price. Gold and silver remain in their respective moves up.

Crude oil is in a new long trade. Natural gas remains in the counter move down.

The US 30 yr Treasuries are now in a move down.

The US Dollar futures are in a new move down also.

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S&P 500 Futures_

Monthly – In the move down from the 2726 short confirmation level. Trade pressures are down. Volumes closed the month of December as bearish. The next target down is 2368. A close above 2900 would confirm any weekly move higher.

Weekly – In an retracement up within the longer move down. Trade pressures are down and trending. Volumes are neutral. The next target down is 2240. A close above 2591 would confirm any daily move higher.

Daily – Flat. In the move up from the 2412 level. Trade pressures are up. Volumes are bullish.

Thru the 2566 level and the at the 25×5 MA.

The next target up is 2679.

A close below the 2481 level would signal lower.

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Navellier Top 8 – The Navellier Top 5 is now the Navellier Top 8.

The 2018 results were slight above break even. The 2018 portfolio has now been replaced. The new portfolio for 2019 starts fresh at zero with $100,000 virtual cash balance.

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