#emini #spfutures #SP500 #ES

Market Pressures_

Copper follows the equity markets up (and down). Gold and Silver are down but near targets.

Crude oil testing resistance, watch for more move down. Natural gas is in a new short move.

US 30YR Treasury Bonds are at downside targets, could see a new move up.

The US Dollar futures have had a nice move up but also at targets, watch for a new move down.

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S&P 500 Futures_

Monthly – New highs. Trade pressures are up. Volumes closed the month of October as Bullish. The next target up is 3408. A close below 2871 would confirm any weekly move lower.

Weekly – Met the 3048 up side target and at the upper median line resistance. Trade pressures are up and extended. Volumes are bullish. The next target up is 3213. A close below 2964 would confirm many daily  move lower.

Daily – Flat. In the move up form the Oct 4th 2913 long entry. Trade pressures are up and trending. Volumes are bullish. The next target up is 3103. A close below 3037 would signal lower.

The hourly is in a new uptrend. A close below 3077 on the hourly would be an early warning for a correction.

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Navellier Top 8 Stocks – This Top 8 model portfolio began the year at $100,000 has moved down this week with the sell off of the defensive names to approximately $110,000, or up about 10 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.]