#emini #spfutures #SP500 #ES

Market Pressures:

Copper is reacting the China slowdown. Gold is in anew move up. Silver is consolidating.

Crude Oil is steadily higher, but is also near a retracement trigger. Natural gas is too spikey to trade now.

The US 30 year treasury is in a move down but at the 200 day MA. Expect consolidation and some retracement.

The US Dollar Futures have broken out of the bull flag but have found resistance at the long term downtrend resistance.

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S&P 500 Futures_

Monthly – First down bar in many months. Trade pressures are up, but rolling over. Volumes closed the month of September as bearish. The next target up is 5027. A close below 3984 would confirm any weekly move lower.

Weekly – Still in the move up from the November 2020 move up from the 3524 long entry. Trade pressures are up but trending done for three weeks. Volumes are now bearish. The next target up is 4599. A close below 4237 would confirm any Daily mover lower.

Daily – Flat. After a retest of the underside of the bullish trend line and the 25×5 MA, the second leg down took price to 4260. Trade pressures are down. Volumes are now bullish. The next target down is 4161. A close above 4381 would signal a resumption of the move up.

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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 ended down hard for the week  at approximately $130,000, up 30% 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 the rise once again above 50% in early September. The summer gains have been given back in late September.

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