Crude is moving up which should benefit the energy complex.

copper and gold are moving up but the targets are inside their respective down moves, so may have limited impact on the materials sector.  the dollar is in an upmove reflecting inflows in the currency. the rise in the dollar should hold down the materials stocks.

the 10 and 30 year treasuries moved down briefly, giving the equities market some glimpse of the flow of funds in instead of out.

S&P Futures –
no change in the long cycles. trade pressures remain down and the 936 target is still active.  1145 is still the entry price for the new upmove.

Daily –
have traded off the 1040 for 4 days. trade pressures showing the positive divergences.  the next target down is 1001 with resistance at 1032.
the GDP announcement was less worse than expected so short covering has taken the market very near the long entry price of 1068.  that entry would set a 1161 target with the first resistance at 1099.  (This long entry price is also the end of a move on the hourly, so expect it to act as resistance and pull back before a move thru.)