#emini #spfutures #SP500 #ES

Market Pressures:

Copper is coiling for a move, up or down. Gold and silver both look ready for a second leg down.

Crude oil is already in the second leg down. Natural gas is extending the move up.

US 30 year Treasury bond is in a new move up.

The US Dollar futures are in a retracement that looks to be a bull flag, so watch for a breakout.

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S&P 500 Futures_

Monthly – Still in the uptrend. Trade pressures are up but continuing to decline. Volumes closed the month of March as neutral. The next target up is 5018. A close below 4252 would confirm any weekly move lower.

Weekly – In a new move up from the 4485 new long trigger. Trade pressures are up into the neutral zone. Volumes are bullish. The next target up is 4767. A close below 4201 would confirm any daily move lower.

Daily – In this dramatic March move up. Trade pressures are up but showing some divergence. Volumes are bearish. The next target up is 4693. A close below 4517 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 up to approximately $87,000. The Year-to-Date portfolio performance is now down 13%.

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