S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures_  [New contracts for most markets]

Copper is testing a new leg higher. Gold and Silver are long but have lost momentum.

Crude Oil is in a new move lower. Natural Gas stopped out all longs.

The US 30 year Treasury Bond is testing the downtrend resistance lines.

The US Dollar futures are in a move up but at target levels now; look for consolidation.

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S&P 500 Futures_

Monthly – Another new high. Trade pressures are up. Volumes closed the month of November as bullish. The next target up is 3408. A close below 2934 would confirm any weekly move lower.

Weekly – In the move up from the 2943 long entry level. Trade pressures are up and extended. Volumes are bullish. The next target up is 3213. A close below 3027 would confirm any daily  move lower.

Daily – Flat. Very near a new long entry at 3156.25. Trade pressures are up but showing divergences lower. Volumes are neutral. The next target up is the 3156. A close below 3095.12 would signal lower.

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

 

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

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