#emini #spfutures #SP500 #ES

Market Pressures:

Copper is a new long. Gold is near a new long entry. Silver is already in the new move up.

Crude oIl in a second move up thru the 106.51 September contract entry. Natural gas is in a second leg up also.

The US 30YR Treasury bond is in a long trade.

The US Dollar futures are in a move down.

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S&P 500 Futures_

Monthly – In the move down. Trade pressures are down into the neutral zone. Volumes closed the month of April as Bearish. The next target down is 3695. A close above 4444 would confirm any weekly move up.

Weekly – In the move down from 4496. Trade pressures are down. Volumes are Bearish. The next target  down is 3587. A close above 4191 would confirm any daily move higher.

Daily – Long. In the move up from 3867 off the lower parallel boundary. Trade pressures are down. Volumes are bullish. The next target up is 3933. A close below 3859 would signal lower.

[5-22-22: raise SL to breakeven at the 3867 entry.]

[5-23-22: Take profits at the 3962 upper median line.]

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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 last week was down then up and the value was unchanged at approximately $83,000. The Year-to-Date portfolio performance is now down 17%.

 

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