#emini #spfutures #SP500 #ES
Market Pressures _
Copper is in a move down. Gold and silver are basing and are showing some signs of a move up.
Crude oil has started a new downtrend. Natural gas remains at its lows.
The US 30 Year bonds are in the move down, but very close to a new long entry.
The US Dollar futures are consolidating between the 97.05 and 98.22 targets.
S&P 500 Futures_
Monthly – The close above the 2904 level puts the monthly back into the new move up. Trade pressures are up. Volumes closed the month of April as bullish. The next target up is 3408. A close below 2735 would confirm any weekly move lower.
Weekly – In the long move up from the the 2423 Christmas long entry. Trade pressures are up. Volumes are bullish. The next target up is 2976. A close below the 2811 would confirm any Daily move lower.
Daily – Flat. Now testing the October 2018 prior highs. Trade pressures are down into the neutral zone. Volumes are bullish. The next target up is 2976. A close below the 2843 level would signal lower.
Navellier Top 8 Stocks – The $100,000 model portfolio closed at about $116,000 YTD after the Haverty’s earnings miss.
[The author may have long or short positions in any of the securities mentioned.]