S&P 500 Futures_
Monthly - Remains in the move up. Trade pressures are up. Volumes closed the month of August as bullish. The next target up is 3408. A close below 2808 would confirm any weekly mover lower.
Weekly - In the move from the 2942 new long entry. Trade pressures are rising in the neutral zone. Volumes are bullish. The next target up is 3048. A close bow the 2901 would confirm any daily move lower.
Daily - Flat. In consolidation at these old highs. Trade pressures are up but turning down. Volumes are bearish.
The next target up is the prior high of 3020, then 3072.
A close below 2965 would signal lower.
The 60 minute chart is in the move down already woith a 2979 downside target nearby.
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Navellier Top 8 Stocks – This Top 8 model portfolio began the year at $100,000 has moved up this week slightly to approximately $114,000, or up about 14 percent for the year-to-date which is still trailing the major averages.
[The author may have long or short positions in any of the securities mentioned.]
