Market Pressures_

Precious metals looking for a new long entry. Copper is in a long trade.

Both Crude and Nat Gas are in a long term downtrend. Looking for signs of stabilization.

The US 30yr Treasury bond is acting as a safe haven in this US stock market sell off. But still expecting lower bond prices.

The US dollar (DX) is suggesting lower prices.

_____________________

S&P 500 Futures

Monthly – Red month so far. trade pressures are neutral. Volumes are neutral. A close below 1896 will confirm a move down.

Weekly – trend has gone neutral with the holidays. The 1815 previously tested target lower is still active. Trade pressures are down. Volume has changed from bullish to bearish. Still need a close above 2087 to confirm any new move up.

Daily – Flat. Testing the 1985 lower target once again. The next target down is 1958 then 1916. Trade pressures staying in the neutral zone. Volume has changed to bearish from neutral and bullish.

If the Xmas rally is to arrive, a close above 2012 may be the start of one.

[12-21-2015 2012 long entry at 2012.]

[12-23-2015 2046 profit target met.]