#emini #spfutures #SP500 #ES

Market Pressures_

Copper followed thru on the short trade. Gold and Silver looked lower but did not trigger.

Crude has continued lower. Natrual Gas is at downside targets; look for a retracement.

The US 30 year Treasuries are in the move up and could extend some more, but be careful.

The US Dollar futures are in the move up, but expect some consolidation here.

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S&P 500 Futures_

Monthly – Remains in the move up. Trade pressures are up. Volumes closed the month of December as bullish. The next target up is 3411. A close below 3116 would confirm any weekly move lower.

Weekly – In the move up from the 2943 long entry. Trade pressures are up. Volumes are bullish even with a lower close. The next target up is 3484. A close below 3188 would confirm any daily move lower.

Daily – Flat. Remains in the move up, Trade pressures are up but have turned down. Volumes are bearish. The next target up is 3375. A close below 3275 would signal lower.

The 60  min is at the lower channel support with neutral volumes. Be alert for a retracement

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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 approximately to 106,000 or 6%  YTD in this January month so far.

 

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