S&P 500 Futures Buy-Sell Levels

#emini #spfutures #SP500 #ES

Market Pressures _

Copper is in the move down. Gold and Silver are also in moves down.

Crude Oil pulls back after the Fire spike. Natural Gas is in a move down.

The US Treasuries have entered a new move up but doesn’t look sustainable.

The US Dollar futures are in a new leg up as flows move to the US.


S&P 500 Futures_

Monthly – In the move up. Trade pressures are up. but losing momentum. Volumes closed the month of August as bullish. The next target up is 3408. A close below 2808 would confirm any weekly move lower.

Weekly – In the move up from the 2942 long entry. Trade pressures are now up. Volumes are bullish. The next target up is 3048. A close below 2901 would confirm any daily mover lower.

Daily – Short. In the new move down with the close below 2965. Trade pressures are down. Volumes are bearish. The next target down is 2868. A close above 3004 would signal a restart of the  move up and would act as the stop.

[10-1-19: lower stops to the 2965 short entry price.]

[10-2-19: Lower stops to the 2932 level.]


Navellier Top 8 Stocks – This Top 8 model portfolio began the year at $100,000 has moved down this week slightly to approximately $113,000, or up about 13 percent for the year-to-date which is still trailing the major averages.  Ubiquiti (UI) is replaced with Cadence (CDNS). Arbor Realty (ABR) and Capitol Southwest Corp (CSWC) will be replaced by Great Ajax (AJX) and Hartford Financial (HIG) on Monday at the open.

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

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