.#emini #spfutures #SP500 #ES

Market Pressures:

Copper fell to the 200 day MA. Gold consolidating at resistance. Silver retesting the 22 lows.

Crude oil is approaching its 200 day MA. Natural Gas is in consolidation at the uptrend support levels.

The 30 Year Treasury is creating a bull flag and could have a breakout if the funds flow into the Dollar.

The US Dollar Futures are testing resistance at the upper channel bound.

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S&P Futures_

Monthly – Another new high. Trade pressures are up. Volumes closed the month of July as bullish. The next target up is 5027. A close below 4008 would confirm any weekly move lower.

Weekly – Remains in the move up from the November 3524 entry. Trade pressures are up. Volumes are bullish. The next target up is 4599. A close below 4210 would confirm any daily move lower.

Daily – Flat. In consolidation. Trade pressures are down but rising. Volumes are bullish. The next target up is the prior high at 4476. A close below 4381 would signal lower.

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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 up and ended the week at approximately $149,000, up 49% 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 near 50% once again.

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