Market Pressures_

Copper took a loss in the long trade. Gold as well. Trade pressures are stuck at neutral. Silver as well.

Crude oil remains in the move up. Natural gas remains without direction.

The US 30 year Treasury Bond has broken support.

The US dollar futures have resumed the move up after a brief pull back.

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S&P 500 Future_

Monthly – In the move down from the 2662 confirmation level. Trade pressures are up but turning down. Volumes closed the month of April as neutral. The next target down is 2304. A close above 2883 would confirm any weekly move higher.

Weekly – In the move down from the 2803 level. Trade pressures are now up. Volumes are bullish. The next target down is 2589. This rally needs to close above 2796 to confirm any daily move higher.

Daily – Flat. In the move up inside the monthly and weekly downward pressures. Trade pressures are up but tuning down. Volumes have turned to neutral.

In this move up from the 2629 level. The next target up is 2753.

There are downward pressures from time cycles until the 25th of May. A close below 2680 would signal lower once again.

As this quarter’s earnings season draws to a close, the Navellier Top 5 virtual portfolio continues the move up with slightly more than $13,000 in gains this calendar year.