#emini #spfutures #SP500 #ES

Market Pressures_

Copper long was stopped out and moved short. Gold and silver are looking for direction.

Crude oil is in the move up. Natural gas is short but has not followed thru.

The US 30 Year Treasury is long and having a nice move up.

The US Dollar futures tried to move higher and reversed.

_______________________

S&P 500 Futures_

Monthly – Remains in this long move up from the Mar 2020 sell off. Trade pressures are up. Volumes closed the month of May as bullish. The next target up is 4366. A close below 37780 would confirm any weekly move lower.

Weekly – In the move up from the November 3550 long entry level. Trade pressures are up. Volumes are bullish. The next target up is 4638. A close below 3935 would confirm any daily move lower.

Daily – In the July 2020 uptrend. Trade pressures are up but declining. Volumes remain bullish. The next target up is a break of resistance at 4248. a close below the prior low at 4169 would signal lower.

____________________

Navellier Top 5 Stocks – This Top 5 model portfolio begins the year at $100,000. Only the Top 5 Growth stocks will be tracked this 2021 year. This portfolio has been marked to the market and restarted at $100,000 for the 2021 year.

The portfolio stocks traded up into the weekend and ended the week up at approximately $129,000, up 29% for the 2021 YTD.  The portfolio had a brief touch of the $150,000 value in early March 2021, then a low of $100,000 a few weeks later, now grinding higher once again.

NIO Inc. (NIO) will replace Williams Sonoma (WSM) at the open on Monday Morning.

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