#emini #spfutures #SP500 #ES

Market Pressures_

Copper is consolidating at a downside target. Gold and silver are in a sharp pullback.

Crude oil has spiked down and recovered somewhat. Natural gas is in a new move up.

US 30 year Treasury Bonds are pulling back from all time highs.

The US Dollar futures are in a sharp move up.

______________________

S&P 500 Futures_

Monthly – The move down to the 100% retracement target at 2461 has been reached. Trade pressures are down and oversold. Volumes closed as bearish foe the month of February. The next target down is the Dec 2018 low at 2322. A close above 2904 would confirm a weekly move higher.

Weekly – Completed the move down to the 1.62% target near 2360. Trade pressures are down. Volumes are bullish. The next target down is the 2360 target. The close above the 2660 has confirmed the new long daily move up.

Daily – Long. In the move up from the 2507 new long entry. Trade pressures are down. Volumes are bearish. The next target up is 2713. A close below 2532 would signal lower once again.

Downward time pressures end March 30th.

[3-16-20: Out at 2532 stop.]

_______________________

Navellier Top 5 Stocks – This Top 5 model portfolio begins the year at $100,000. Only the Top 5 Growth stocks will be tracked this 2020 year.

The portfolio is down this week to approximately $87,000 or minus 13% YTD, in this March month. The 13% gains from these first two months of 2020 have evaporated. But the fundamentals should remain intact. This portfolio was down 20% mid week but reversed quickly in this market.

 

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