#emini #spfutures #SP500 #ES

Market Pressures:

Copper is in consolidation and forming a bull flag. Gold is in the move up off the 1738 entry. Silver broke out on Friday to the upside.

Crude oil is at upside resistance. Natural gas has started a second leg up.

The US Treasury Bond is in consolidation and is setting up for another leg higher.

The US Dollar futures are in the move down but near the 200 day MA which could act as support.

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S&P 500 Futures_

Monthly – Another new high. Trade pressures are up. Volumes closed the month of August as bullish. The next target up is 5027. A close below 3993 would confirm any weekly move lower.

Weekly – In the move up from the November 2020 long entry at 3524. Trade pressures are up. Volumes are bullish. The next target up is 4599. A close below 4283 would confirm any daily move lower.

Daily – In the move up from the November long entry at 3526. Trade pressures are up. Volumes are bullish. The next target up is 4594. A close below the trendline at 4405 would signal lower.

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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 2021 year. This portfolio has been marked to the market and restarted at $100,000 for the 2021 year.

The portfolio stocks traded mixed and ended the week unchanged at approximately $153,000, up 53% for the 2021 YTD.  The portfolio had a brief touch of the $150,000 value in early March 2021, then a low of $100,000 a few weeks later, now above 50%.

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