#emini #spfutures #SP500 #ES

Market Pressures:

Copper is in a new move up after a retracement. Gold has triggered a second leg up. Silver is in a new long trade.

Crude oil is still in the move up. Natural gas is looking still lower.

The US 30 year Treasury is down to the target and may be setting up for a new move up.

The US Dollar futures headed higher once again. Acting as a safe haven trade against the equity volatility.

______________________

S&P 500 Futures_

Monthly – Retracing the move move from April 2020. Trade pressures are up. Volumes closed the month of January 2022 as bearish. The next target up is still 5018. A close below 4242 would confirm any weekly move lower.

Weekly – In the January move down from the 4505 short entry. Trade pressures are down. Volumes are bearish. The next target down is 4202. A close above 4596 would confirm any daily move higher.

Daily – Lower highs. Still in the move down from the highs after a 62%. Trade pressures are now down into the neutral zone. Volumes are bearish. A retest of the 4288 lows seems likely. The next target down is 4288. A close above 4481 would signal higher.

____________________

Navellier Top 5 Stocks – This Top 5 model portfolio begins each year at $100,000. The Top 5 Growth stocks are tracked throughout each year. This portfolio is marked to the market and is restarted at $100,000 for the 2022 year.

The portfolio stocks closed up 39% for the 2021 Year.  This last week in 2022 was up 1% to approximately $85,000. The Year-to-Date portfolio performance is now down 15%.

 

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