#emini #spfutures #SP500 #ES

Market Pressures:

Copper is down to target. Gold and silver are both near support.

Crude oil has begun a sharp retracement lower.  Natural gas is the same.

The US 30 year Treasury is now signaling a new move up.

The US Dollar futures are the safe haven trade and are consolidating just below the 104-105 resistance.

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S&P 500 Futures_

Monthly – In the bearish move down. Trade pressures are down into the neutral zone. Volumes closed the Month of April as bearish. The next target down is 3695. A close above 4629 will confirm any weekly move higher.

Weekly – In the second leg down. Trade pressures are down. Volumes are bearish. The next target down is 3587. A close above 4376 would confirm any daily move higher.

Daily – Flat. At the lower channel support. Trade pressures are down, but showing divergence. Volumes are bearish. The next target down is 3921. A close above 4031 would signal higher.

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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 last week was down and as of Monday the 9th was approximately $76,000. The Year-to-Date portfolio performance is now down 24%.

 

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