#emini #spfutures #SP500 #ES

Market Pressures:

Copper is down with targets in the mid 3.60’s. Gold and silver are near long entries but need weekly confirmation.

Crude oil is retracing the move up. Natural gas is near downside target. Take profits soon in both.

The US 30 Year Treasury is setting up for a new move up.

The US Dollar futures are starting a consolidation in the 102-105 range. Trade the ranges.

______________________

S&P 500 Futures_

Monthly – In the move down from the 4545 short entry. Trade pressures are down. Volumes closed the month of May as bullish. The next target down is 3008. A close above 4275 would confirm any weekly move higher.

Weekly – In the move down from the 4498 short entry. Trade pressures are down hard. Volumes are bearish. The next target down is 3589. A close above 4275 would confirm any Daily move higher.

Daily – Short. In the move down from the 3997 short entry on June 10th. Trade pressures are down. Volumes are bearish. The next target down is 3373. A close above 3765 would signal a new move up.

____________________

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 again and the value moved down sharply to approximately $70,000. The Year-to-Date portfolio performance is now down 30%.

 

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