Market pressures_

Precious metals appeared to rally but have turned back down.

Copper has fallen thru multiple downside targets reflecting the China worries.

Crude oil continues the slide into the 30’s.

Nat Gas has no direction.

The 30 YR T-Bonds are a safe haven and are rising.

The US dollar has fallen to the expected targets.

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S&P 500 Futures_ Monday 8/24/15 AM

The Market continues the melt down.

Monthly – The monthly has dropped thru the Short confirmation signal. will need to close below 1907 at the end of the month. Trade pressures have dropped to neutral. Volume is still bullish. next target down is 1552.

Weekly – The 2056 weekly short confirmation that was tested so many times has now given way. Touched the 1832 target this Monday AM which is also the Oct’14 lows. Next weekly target down is 1650. Trade pressures are down. Volume is bearish.

Daily – Trade is short from the 2079 entry price. All daily target were exceeded this Monday morning as the market traded down thru the Dec’14 lows to the weekly target of 1832.

Now Long. A short covering move off the 1831 low has triggered a long entry at 1873. The next target up is 1942.

Stops at the lows. Move Stops to break-even as soon as possible. This will be a volatile week.

[8/24, am Move stops to 1873, fast moving market!] [Pm Futures retreat after the close. Stopped out at 1873}