#emini #spfutures #SP500 #ES

Market Pressures:

Copper is signaling lower. Gold and silver are at resistance.

Crude Oil is showing lower highs. Natural gas has powered thru the expected targets.

The US 30 year Treasury is at the lower targets; expecting consolidation and retracement.

The US Dollar futures are also showing lower highs.

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S&P 500 Futures_

Monthly – Big Inside bar for the month. Trade pressures are up but rolling over. Volumes closed the month of February as neutral. The next target up remains 5018. A close below 4252 would confirm any weekly move lower.

Weekly – The move down from the 4517 short entry has been voided. Trade pressures are down but rising. Volumes are bullish. The next target down is 4060. The close above 4485 has confirmed the daily move higher.

Daily – The channel breakout to the upside on 3/17 at 4297 has been confirmed. Trade pressures are up. Volumes are bullish. The next target up is the prior high at 4575. However multiple resistances are just ahead at the 4550 level and the VIX is at the low end of the risk range. A close below 4425 would signal lower.

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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 week was neutral remaining at approximately $83,000. The Year-to-Date portfolio performance is now down 17%.

Endava (DAVA), Ford (F), And TFII International (TFII) will be replaced by Fortinet (FTNT), Marathon Oil (MRO) and ZIM Integrated Shipping  (ZIM) at the open on Monday.

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