Market Pressures_

Copper is in a new move up. Gold and Silver are consolidating.

Crude Oil is approaching the extended upside tarets. Natural Gas continues to fail. Perhaps the future Saudi public offering of their oil interests are generating crude price support.

The US treasury Bonds are reflecting the moves in the dollar.

The Us dollar futures are still in retracement.

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S&P 500 Futures_

Monthly – New highs into Thanksgiving holiday. Trade pressures are up and trending. Volumes closed the month of October as bullish. The next target up is 2766. A close below 2382 would confirm any weekly move lower.

Weekly – Closed on the highs. Trade pressures are up. Volumes remain steadily bullish. The next target up is 2729. A close below 2530 would confirm any daily move lower.

Daily – Flat. The last three days have moved up thru the consolidation at the 2585 target level. Trade pressures are up. Volumes are bearish, but very light going into the Thanksgiving week.

The next target up is 2691.

A close below 2584 would signal lower.

This powerful S&P index move up is hard to trade. The hourly did give some opportunities, but the profitable moves came in the Top 5 trades provided by Navellier research.