#emini #spfutures #SP500 #ES

Market Pressures:

Copper now in a new long trade. Gold is in the new move up. Silver is near a new long entry.

Crude oil is now in a new long move. Natural gas is in the retracement down, but looking for a new long entry.

The US 30 year Treasury is in the move down, but near a new long entry.

As they say, It’s all about the dollar. The US Dollar futures are in a retracement  down from the 110 highs.

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S&P 500 Futures_

Monthly – Still in the move down. Trade pressures are down. Volumes closed the month of August as bearish. The next target down is 3695. A close above 4275 would confirm any weekly move higher.

Weekly – In the move up off the 3639 recent low pivot. Trade pressures are down into the neutral zone. Volumes are bearish. The next target up is 4988. A break below last weeks low of 3883 would confirm any daily move lower.

Daily – Long, in the new move up from the 4045 new long entry. Trade pressures are rising into the neutral zone. Volumes are now bullish. The next target up is 4227. A close below 4022 would signal a resumption of the move down.

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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’s market began to rally. But the energy stocks in the portfolio held it down to approximately $73,000. The Year-to-Date portfolio performance is now down 27%.

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