#emini #spfutures #SP500 #ES

Market Pressures_

Copper rallies to the new target. Gold breaks the lows. Silver is holding at support.

Crude oil has broken out and reached the first target. Natual gas has signaled a new move up.

The US 30 YR Treasury Bonds are retracing up within the September move down.

The US Dollar futures continue the drift lower.

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S&P 500 Futures_

Monthly – New highs. Trade pressures are up. Volumes close the month of October as bullish and appear to do the same for November. The next target up is 3948. A close below 3417 would confirm any weekly move lower.

Weekly – In the new move up from the 3559 new long entry. Trade pressures are down into the neutral zone. Volumes are now bullish. A close below 3364 would confirm any daily move lower.

Daily – Flat. In the move up from the 3533 new long entry on 11-13. Trade pressures are up. Volumes are bullish. The next target up is the prior high of 3668. A close below 3509 would signal lower.

The 2 hour chart has support at 3614. Watch this for an early warning of a retracement.

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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 stocks were up sharply for the week and are now valued at approximately $122,000, up 22% for the YTD. The March-April 2020 down move of 32% has been completely reversed.

 

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