#emini #spfutures #SP500 #ES

Market Pressures:

Copper remains in the bull flag. Gold and silver sold off hard with the rising dollar.

Crude oil moving up after the breakout. Natural gas rally is now in retracement.

The US 30yr Treasury tried to breakout but failed.

The US Dollar futures rallied to resistance levels.

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S&P 500 Futures_

Monthly – In the May 2020 uptrend. Trade pressures are up. Volumes closed the month of August as bullish. The next target up  is 5027. A close below the 3984 would confirm many weekly move lower.

Weekly –  In the move up from the November 2020 3523 entry. Trade pressures are up but rolling over. Volumes are bearish. The next target up is 4599. A  close below 4237 would confirm any daily move lower.

Daily – Short; in the move down from the 4445 short entry on Sept 14th. Trade pressures are down. Volumes are bearish. The next target down is 4350. A close above 4480 would signal higher and would act as the stop.

[9-20-21: Traded down to the 161% target at 4292.50 and short covering for the day came in. Lower stops to 4350.]

[09-21-21: stopped out at 4350.]

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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 ended down for the week  at approximately $148,000, up 48% 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 this rise above 50%.

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