#emini #spfutures #SP500 #ES

Market Pressures_

Copper shows a new long entry signal. Gold was stopped out with a nice profi. Silver is in a new long entry.

Crude oil is in a move down into the 40’s. Natural gas looks sold out; maybe a rally soon?

US 30 Year Treasury bonds are near up side targets and could correct.

The US Dollar futures are in a new move up.

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S&P 500 Futures_

Monthly – In the move up from the 2904  long entry. Trade pressures are up. Volumes closed the month of May as bearish. The next target up is 3408. A close below 2735 would confirm any weekly move lower.

Weekly  – In the move down from the 2806 short entry. Trade pressures are up but declining. Volumes are bullish.

The next target down is 2648.

A close above the 2879 level would confirm any daily move higher.

Daily – Flat. In the move up from the 2789 long entry. Took profits at the 2888 Resistance level. Trade pressures are up and extended. Volumes are neutral.

The next target up is 2865.

A close below 2860 would signal lower.

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Navellier Top 8 Stocks – The $100,000 model portfolio has moved back up to $114,000 with the weeks rally.  Up approximately 14% year-to-date.  Market averages are slowing so these better Navellier fundamentals should outperform.

 

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