#emini #spfutures #SP500 #ES

Market Pressures_

Copper is in the move down. Gold and Silver are in retracement moves up.

Crude Oil is in the move up and at resistance. Natural Gas is in the move down but near a new long entry.

The US 30 Year Treasuries are in a new move up.

The US Dollar futures are near a new short entry.

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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 below 2898 would confirm any weekly move lower.

Weekly – In the move up from the 2943 long  entry. Trade  pressures are up. Volumes are bullish. The next target up is 3213. A close below 2991 would confirm any daily move lower.

Daily – Flat. Overbought, but still breaking higher. Trade pressures are up. Volumes are bullish. The next target up is 3266. A close below 3059 would signal lower. The time cycles are down into the first week of December.

Hedge funds have raised cash and now feel pressure to get back in the market. Hard to guess; just stay with the trends.

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Navellier Top 8 Stocks – This Top 8 model portfolio began the year at $100,000 has moved up this week  to approximately $112,000, or up about 12 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.]