#emini #spfutures #SP500 #ES

Market Pressures_

Copper is at a resistance point and has signaled a short. Gold and silver are in the move down but looking for a new long entry.

Crude is down but wants to correct here. Natural Gas is in a free fall.

The US treasury bonds are in a move down but looking also for a new move up.

The US Dollar futures are in a move up but are approaching resistance.

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S&P %00 Futures_

Monthly – Five months up. Trade pressures are up. Volumes closed the month of December as bullish. The next target up is 3411. A close below 3107 would confirm any weekly move lower.

Weekly – Ripped thru the 3213 target with only a one week pause. Trade pressures are up. Volumes are bullish. The next target up is 3484. A close below 3180 would confirm any daily move lower.

Daily – Flat. In the move up from the 3143 long entry. Trade pressures are up. Volumes are bullish. The next target up is 3376. A close below 3267 would signal lower.

Time cycles are down this last week of January.

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Navellier Top 5 Stocks – This Top 5 model portfolio begins the year at $100,000. Only the Top 5 Growth stocks will be tracked this 2020 year.

The portfolio is up 5% for the YTD in this January month so far.

 

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