#S&P500  #emini  #ESfutures  #SP500

Market Pressures _

Copper moving side ways as trade pressures ease. Gold attempts a move up as silver plummets.

Crude oil starting to show bearish volumes. Natural gas is at the bottom of a channel.

The US 30 Year Treasury Bonds futures are in the short trade.

The US Dollar futures are pointing down. Reflexive moves – The dollar rises, commodities fall, then the country currencies involved in those commodities hedge their currencies with long gold trades.

_________________

S&P 500 Futures_

Monthly – In the move up from the 2152 level. Trade pressures are up and trending. Volumes closed the month of August as bullish. The next target up is 3103. A close below 2701 would confirm any weekly move lower.

Weekly – In the move up from the 2800 new long entry. Trade pressures are up. Volumes are bullish. The next target up is 3226. A close below 2844 would confirm any daily move lower.

Daily – Flat. In the move up from the July 2740 entry. Trade pressures have returned to up. Volumes are Bullish.

The next target up is 2988.

Moving side ways after the late August high pivot. A close below 2862 would signal lower.

 

The Navellier Top 5 moved up to near their old highs which would be about a $22,000 move up for the year on the $125,000 virtual portfolio.