#emini #spfutures #SP500 #ES

Market Pressures_

Copper drops with the equity markets but fails to rally Monday. Gold rallies small at support. Silver still has selling pressures.

Crude oil moves higher. Natural gas is backtesting the prior week’s breakout.

The US 30 year Treasury bonds sells off with the dollar.

The US Dollar futures give back some of the three day rally.

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S&P 500 Futures_

Monthly – A spinning top so fa this month. Trade pressures are up. Volumes closed the month of May as bullish. The next target  up is 4366. A close below 3766 would confirm any weekly move lower.

Weekly – In the November move up from the 3524 long entry. Trade pressures are up. Volumes are now bearish. The next target up is 4599. A close below 3992 would confirm any Daily move lower.

Daily – A new move lower has been triggered with the close below 4163. Trade pressures are down. Volumes are now neutral. The next target down is 4068. A close above 4229 would signal higher. Monday’s rally is a back test of the break down. Look for a bearish reversal of the trade pressures to short.

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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 mixed into Monday and ended the week at approximately $131,000, up 31% 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.

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