.#emini #spfutures #SP500 #ES

Market Pressures:

Every thing crashed. Copper is at the low end of the trading range. Gold is as well. But silver seems to have some support.

Crude oil is is a new weekly downtrend. Natural gas is in freefall, with a point value of $10,000 half pint swings are hard to trade.

The US 30 yr Treasury is down at targets and show some bullish volumes.

The US Dollar is controlling everything; but is now at the upper bound of the rising channel.

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S&P 500 Futures_

Monthly – down hard to test the June 2022 lows. Trade pressures are 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 up.

Weekly – In the move down from the4069 short entry on 8/26. Trade pressures are down. Volumes are bearish. The next target down is 3626. A close above 4330 would confirm any daily move higher.

Daily – Flat. In the move down from the 4070 short entry level on 9/13. Trade pressures are down. Volumes are bearish. The next target down is 3586. A close above 3822 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 week’s market closed down hard despite a small short covering rally at the close. Again, the energy stocks in the portfolio  held it down to approximately $63,000. The Year-to-Date portfolio performance is now down 37%.

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