Market Pressures_

The Metals are indicating possible long entries.

Oil and gas remain in congestion at prior downside targets.

US 30yr Treasuries are signaling lower prices.

The US dollar (DX) has moved decisively lower.

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S&P 500 Futures_

Monthly – Still ready to ready to test the 2015 highs. The next target up is 2201. Trade pressures are up. November volumes closed at neutral once again.

Weekly – Once again ready to test the new long entry price of 2094. Trade pressures are up but declining. Volumes closed bullish. Next target above is 2237.

Daily – Flat. Stopped out of the long trade from 2071 at the entry price of 2071; so a break-even. Trade pressures have turned down. Volumes were bearish but closed at neutral on Friday. The downward time pressures complete their cycle this week. So, expect upwards time pressures to begin the following week.

Multiple short cycles are producing both long entry and short entry signals at these levels. Best to wait.

The Metals and the Treasuries may be better trades.