#emini #spfutures #SP500 #ES

Market Pressures_

Copper testing the lows again. Gold and silver are the  safe havens from economic silliness.

Crude Oil wants to go higher. Natural Gas is in a new move up.

US 30yr Treasuries are in the sharp move up. Hard to trade.

The US Dollar futures are in the sharp move down as the confidence in this administration drops.

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S&P 500 Futures_

Monthly – Down for the month. Trade pressures are up but now turning down. Volumes closed the month of July as bullish. The next target up is the prior high at 3029. A close below the 2808 leve would confirm the weekly move lower.

Weekly – In the move down. Trade pressures are down. Volumes are neutral. The next target down is 2712. A close above 2942 would confirm any daily move higher.

Daily – Short. The close below 2879 on Friday triggered the short entry. Trade pressures are down into the neutral zone. Volumes are bearish.

The next target down is 2795.

A close above back above the 2845 level would signal higher; and should be set as the stop.

[8-26-19: Stopped out in the early morning session, with a small profit.]

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Navellier Top 8 Stocks – This Top 8 model portfolio began the year at $100,000 and remains  approximately $110,000, or up about 10 percent for the year-to-date, even after the market correction.

 

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