#emini #spfutures #SP500 #ES

Market Pressures:

Copper is in the sharp rally higher. Gold and Silver both are retesting the recent highs.

Crude oil is moving sharply higher with the Russian invasion of Ukraine. Natural gas is recovering from the early February sell off.

The US 30 Year Treasury is meeting resistance at the 200 day MA.

The US Dollar futures are reaching for the 89.13 target.

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S&P 500 futures_

Monthly – Retracing the move up. Trade pressures are up but moving down. Volumes closed the month of February as neutral. The next target up is 5018. A close below the 4252 level would confirm the move down in the weekly.

Weekly – In the move down from the 4505 short entry. Trade pressures are down. Volumes are bearish. The next target down is 4059. A close above 4485 would confirm any daily move higher.

Daily – In the first leg up off the spike low of Feb 24th, the Russian invasion of Ukraine. Trade pressures are up but declining. Volumes are now neutral. The next target up is 4474. A close below 4305 would signal a retest of the lows.

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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 down after the market chop to approximately $81,000. The Year-to-Date portfolio performance is now down 19%.

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