#emini #spfutures #SP500 #ES

Market Pressures:

Copper was stopped out with a gain. Gold and silver both in a long trade  now.

Crude oil is in a retracement from the highs; weekly still up. Nat Gas is consolidating at the low 5’s.

The US 30 year Treasury broke above the resistance and is now in a long trade.

The US Dollar futures are retesting the prior highs.

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S&P 500 Futures_

Monthly – New highs. Trade pressures are up. but turning down. Volumes closed the month of October as bullish. The next target up is 5018. A close below4155 would confirm any weekly move lower.

Weekly – Breaks above the August pivot high and the 4599 upside target. Trade pressures are up but diverging from prior levels. Volumes are now neutral. The next target up is 5489. A close below 4425 would confirm any daily move lower.

Daily – Long. In the move up off the break above the 25×5 MA at 4429 on 10/14. Trade pressures are up. Volumes are bearish. The next target up is 4936. Both ES and NQ are overbought. A close below 4628 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 gained $4000 over the last week moving up to approximately $144,000, up 44% 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, and rose once again above 50% in early September. October earnings reports seem to have provided some relief.

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