#emini #spfutures #SP500 #ES

Market Summary:

Copper retracing in new uptrend.  Gold is now long. Silver near support.

The Crude is in the move down. Natural gas rallies thru resistance.

The US 30yr Treasury Bond long trade is testing the upper median line.

The US Dollar futures are now short.

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S&P 500 Futures (Sept contract)

Monthly – A close above the 4300. Trade pressures remain up. Volumes closed the month of May as bullish. The next target up is 4961. A close below 4183 would confirm any weekly move lower.

Weekly – The weekly long on 3/31 at 4052 turns to short with the close below 4392. Trade pressures are still up. Volumes remain bullish. The next target down is 4291. A close above 4525 would confirm any daily move higher.

Daily – Short. In the move down from the reversal to short at 4392 on 6/23 . Trade pressures are down. Volumes are bearish. The next target down is 4291  Oversold is now 4139. A break above 4428 would signal higher. The next overbought is 4386.

Set the SL at 4428.

[6-27-23: Lower SL to BE at 4392]

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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 2023 year.

The Navellier portfolio stocks closed down 35% for the 2022 Year.

Portfolio values remained at approximately $114,000. The Year-to-Date portfolio performance is now up 14%.

 

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