Market Pressures_

Copper has broken down. Gold and Silver have also broken down.

Crude appears to be attempting a retest of the highs. Natural gas is exhausting.

The Us treasury Bond is pressing down for a new short.

The US Dollar futures are in a new move up but a the old 25×5 moving average resistance.

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S&P 500 Futures_

Monthly – Another new high. Trade pressures are up. Volumes closed the month of November as bullish. The next target up is 2766. A close below 2447 would confirm any weekly move down.

Weekly – A Spinning Top. Trade pressures are up and extended. Volumes are bullish. The next target up is 2718. A close below 2585 would confirm any daily mover lower.

Daily – Flat. At 2654, in a pullback off the 2668 highs. December is not the best month to trade indices. Trade pressures are up but turning down. Volumes are bullish. Tax reform, Tax selling; all create crosscurrents.

The pullback target is 2618.

The next target up is 2696.

The Navellier Top 5 have suffered the “tech wreck” but are bouncing back.