S&P 500 Futures_
Monthly - Down for the month so far but still in the up move. Trade pressures are up. Volumes closed the month of April as bullish, but on low volumes. The next target up is 3408. A close below 2736 would confirm any weekly move lower.
Weekly - Retracing the move up. Trade pressures are up but turning down. Volumes remain bullish. The next target up is 2976. A close below 2811 would confirm any daily move lower.
Daily - Short. The new move down has been triggered with the close below 2842. Trade pressures are down but rising. Volumes are bullish. Enter the short as it meets the 25x5 resistance level at 2909. Set the stops at the 2961 highs. Watch the trade pressures on the hourly for timing.
Navellier Top 8 Stocks - The semiconductor stocks in this selection are down, but fundamentals remain strong. The $100,000 model portfolio is now about $113,000 YTD.
[The author may have long or short positions in any of the securities mentioned.]