#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.
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.
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.]