#emini #spfutures #SP500 #ES

Market Pressures_

Copper rallied to Summer highs. Gold and Silver down on the trade settlement.

Crude Oil continues the rally, but near resistances. Natural gas in a new move up.

US 30 year Treasury Bonds are short but close to a reversal.

The US Dollar futures are in a move down.

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S&P 500 Futures_

Monthly – Six months since the last down month. Trade pressures are up. Volumes closed the month of November as bullish. The next target up is 3408. A close below 2967 would confirm any weekly move lower.

Weekly – In the move up from the Sept long entry at 2943. Trade pressures are up but rolling over. Volumes are bullish. The next target up is 3213. A close below 3060 would confirm any daily move lower.

Daily – Long. The trade talks have created new highs. Trade pressures are up. Volumes are bullish.

In the move up from the 3141 long entry. The next target up is 3256.

A close below 3128 would signal lower.

Stops are now at the 3169 level which is the short entry on the hourly charts.

A profit stop is at 3180. The first one executed cancels the other.

[12-15-19: Sunday session takes out the contract at the profit stop  – 3180.]

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

 

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