#emini #spfutures #SP500 #ES

Market Pressures_

Copper is in a new leg up. Gold and Silver remain in consolidation.

Crude oil is retesting the downtrend resistance line. Nat Gas is in the move down.

The US treasury market is in a trading move up. FED comments expect no rate increases for some time.

The US Dollar futures are basing and look higher.

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S&P 500 Futures_

Monthly – Retracing in the move up. Trade pressures are up. Volumes closed the month of August as bullish but with a much lower volume. The next target up is the prior high at 3576. A close below 3290 would confirm any weekly move lower.

Weekly – Retracing the move up. Trade pressures are up but rolling over. Volumes are bearish. The next target up would be a retest of the high pivot at 3576. A close below 3273 would confirm any daily move lower.

Daily – Short. In the move down from 3350 in the second leg after the lower high mid week. Trade pressures are down. Volumes are bearish. The next target down is 3239. Need a close above 3491 to restart the move up.

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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 Top 5 portfolio stocks countered the market sell off  this last week. The portfolio stocks were up for the week and are now valued at approximately $116,000, up 16% for the YTD.

The portfolio fundamentals continue to be important as the market narrows.

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