#emini #spfutures #SP500 #ES
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.
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.
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.]