S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_

Copper is near a new long entry. Gold and silver seem to go higher from here.

Crude oil has pulled back and seems done with the pullback. Natural gas is consolidating and ready for a new move higher.

The US 30 year treasuries are in the move up.

The US Dollar futures are lower with more to go.


S&P 500 Futures_

Monthly – Been in this slowly rising channel since the December of 2017. Trade pressures are up. Volumes closed the month of September as bullish. The next target up is 3408. A close below 2808 would confirm any weekly move lower.

Weekly – In the move up from the 2942 long entry price. Trade pressures are down into the neutral zone. Volumes are bullish. The next target up is the prior high of 3032. A close below 2901 would confirm any daily move lower.

Daily – Flat. In the move up from the 2913 new long entry. Trade pressures are down but rising. Volumes are now neutral. The spike down would have provided an opportunity to take bigger profits in the previous short. But we are on semi-automatic and so the short trade was stopped out at the 2932 level. The pressures favor another short, so look for opportunities around the close of the daily gap at 2938.


Navellier Top 8 Stocks – This Top 8 model portfolio began the year at $100,000 has moved down this week slightly to approximately $114,000, or up about 14 percent for the year-to-date which is still trailing the major averages.


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

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