#emini #spfutures #SP500 #ES

Market Pressures:

Copper is n ear the 4.20 support. Gold and silver both dropped back into the bull flag.

Crude oil is short. Nat gas is long.

The US 30 year Treasury is in a new move up. But look for the next short entry.

The US Dollar futures have dropped back into the rising channel.

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S&P 500 Futures_

Monthly – Still in the move up, but a retracement seems to have begun. Trade pressures are up but rolling over. Volumes close the month of October as bullish. The next target up is 5018. A close below 4184 would confirm any weekly move lower.

Weekly – In the move u from the November 2020 long entry at 3493. Trade pressures are up but showing divergence. Volumes remain bullish. The next target up is 5481. A close below 4454 would confirm nay daily move lower.

Daily – In the move down from the 4657 short entry. Trade pressures are down. Volumes are now bearish. The next target down is 4564, then 4523.  The 60 minute has a downside target of 4568. This area of targets might be short term support.  A close above 4643 would signal higher.

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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 dropped more than the overall market to approximately $139,000, up 39% 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.

 

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