S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is in a new short entry. Gold and Silver seem to be setting up for a pullback.

Crude Oil is basing, but a retest of the lows is likely. Nat gas has had a rally but is ready for a pullback.

The US 30 year Treasuries is ion a new move up.

The US Dollar futures are in a move down, with more to go.

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S&P 500 Futures

Monthly – New highs. Trade pressures are up. Volumes closed the month of October as bullish. The next target up is 3408. A close blow 2844 would confirm any weekly move lower.

Weekly – In the  move up from the 2943 new long entry. Trade pressures are up. Volumes are bullish. The next target up is the upper median line at 3094. A close below 2937 would confirm any daily move lower.

Daily – Flat. In the move up from the 2913 Oct 4th long entry. Trade pressures are up. Volumes are bullish. The next target up is 3072. Over-bought and expecting resistance at this next target. A close below 3005 would signal lower.

The hourly is over bought.

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Navellier Top 8 Stocks – This Top 8 model portfolio began the year at $100,000 has moved up this week slightly to approximately $114,000, or up about 14 percent for the year-to-date which is still trailing the major averages.

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

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