#emini #spfutures #SP500 #ES

Market Pressures_

Copper is in a move up. Gold and Silver are now in new moves down.

Crude Oil is moving side ways but near a new short entry. Nat Gas is in the move up.

The US Treasuries are in a retracement move down.

The US Dollar futures are also in the retracement move down.

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S&P 500 Futures_

Monthly – Remains in the move up off the 2904 new long entry. Trade pressures are up. Volumes closed the month of August as Bullish. The next target up is 3408. A close below 2808 would confirm any weekly move lower.

Weekly – The weekly move down from 2901 is now stopped out by the close above the 2942. Trade pressures are in the neutral zone. Volumes are bullish. A close once again below 2901 would confirm any daily move lower.

Daily – In the move up from the Aug 28th recross above the 2846 long entry. Trade pressures are up. Volumes are bullish. Now consolidating above the 2959 target and the 3010 down trend resistance line. The next target up is the prior high at 3020. A close below 2928 would signal lower.

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Navellier Top 8 Stocks – This Top 8 model portfolio began the year at $100,000 and remains  approximately $113,000, or up about 13 percent for the year-to-date which is trailing the major averages.

 

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