S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is in a new short trade. Gold is in the move down but near support. Silver is similar to the gold move.

Crude remains in the move up but near upside targets. Natural gas is basing around the 2.55 level and looking lower.

The US 30 Year Treasuries are rising but should be limited to moves in the dollar.

The US Dollar futures are pulling back from a test of the 97 highs.


S&P 500 Futures_

Monthly – This retracement up is looking to test the old highs. Trade pressures are up. Volumes closed the month of March as bullish. Still in the move down and the next target down is 2372. A close above the 2904 level would confirm any weekly move up.

Weekly – Closed on the 2898 high for the week. Trade pressures are up. Volumes are bullish. The next target up is 2976. A  close below 2748 would confirm any daily move lower.

Daily – Long. In the new move up from the 2862 new long entry price. Trade pressures are up and trending. Volumes are bullish. The next target up is 2976, A close below 2779 would signal a new move lower.


Navellier Top 8 Stocks – The $100,000 model portfolio value is about $117,000 for the year to date. Earnings for the 1st quarter (1Q19) begins next week.


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

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