#emini #spfutures #SP500 #ES

Market Pressures:

Copper is in a short trade. Gold is basing short term, looking for a long entry. Silver looking for a new long.

Crude oil is short. Natural gas is short. Use tight stops as these are getting oversold.

The US 30 YR T-Bond is still short but stops have moved in closer.

The US Dollar futures are extended and vulnerable to a pullback. But int’l funds seem to continue the flow to the Dollar.

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S&P 500 Futures_

Monthly – In the move down off the 2021 highs. Trade pressure are down. Volumes closed the month of August as bearish. The next target down is 3695. A close above 4275 would confirm any weekly move higher.

Weekly – Three week correction from the June move up Trade pressures are down into the neutral zone. Vou es ar bearish. The next target down is 3589. A close above 4313 would confirm any Daily move higher.

Daily – Short in the move down from the 4093 short entry on 8/26. That trade was close at 3911 with oversold signals. Trade pressures are down. Volumes are bearish. The next target down is 3862. A close above 4001 would signal higher.

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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’s market continued the move down. But the values moved down to approximately $77,000. The Year-to-Date portfolio performance is now down 23%.

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