#emini #spfutures #SP500 #ES

Market Pressures:

Copper is in a new long. Gold and Silver are consolidating in the move down.

Crude is rising off the 245×5 MA to test a new long entry. Natural gas is in a new move up.

The US 30 year Treasury is in the move down, but any rally could trigger a new long entry.

The US Dollar futures are consolidating after the big move up in February.

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S&P 500 Futures_

Monthly – Still in the move up from the 2020 long entry at 2801.  Trade pressures are up but declining. Volumes closed the month of February as neutral. The next target sup is 5018. A close below the 4252 level would confirm any weekly move lower.

Weekly – Now nine weeks into this correction. Trade pressures are down but now rising. Volumes are bullish. The next target down is 4201. A close above 4485 would confirm any Daily move higher.

Daily – Broke out of the downward channel at 4285 on 3/17. Trade pressures are up. Volumes are bullish. Now testing the 4464 target; this should act as resistance. A close below 4350 would signal lower once again.

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Navellier Top 5 Stocks – This Top 5 model portfolio begins each year at $100,000. The Top 5 Growth stocks are tracked throughout each year. This portfolio is marked to the market and is restarted at $100,000 for the 2022 year.

The portfolio stocks closed up 39% for the 2021 Year.

This week was up, after the prior weeks market drop, to approximately $83,000. The Year-to-Date portfolio performance is now down 17%.

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