The US dollar is in a retracement up from its previous move down.

The Metals are affected by the dollar and are in a retracement down from resistance levels identified last week.

Oil and gas has also retreated from similar resistance levels.

the 30yr T-Bond has entered a retracement long trade.

The market feels “heavy”; worrying about when the FED might raise the interest rates by 1/4 of a percent. The consumer seems to be saving instead of spending. The 2nd qtr GDP conversation is trending to a lower estimate.  The Europeans seem to be on course to forcing a Greek exit from the Euro. The Euro futures run up and down on every news conference from the ECB.

S&P 500 Futures_

Monthly – Trade pressures are up. Volume remains bullish. 2189 is the next target up.

Weekly – Trade pressures are up. Volume is bullish. The next target up is 2254.

Daily – In the long trade from the 2096 entry price with a stop at 2078. The next target up is 2143 and 2159. Trade pressures are up. Volume is neutral. Upper time frame volume is confirming bullish.

Raise stops to 2096.