Market Pressures_

Copper still a long trade.

Silver and gold near long entries.

Crude is nearing a long trade. Nat Gas has triggered a long trade.

The 30yr US Treasury bond has triggered a short trade.

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S&P Futures_ ESH16

Monthly – Has held near the 2100 highs despite the tax selling wave. Trade pressures are neutral and rising. The November volume close was neutral. 1896 remains as a short confirmation.

Weekly – In eight weeks of range bound trading has touched the 2086 new weekly long entry six of those weeks. Now beginning a move up from an oversold position. If that long entry can occur then the next profit target up is 2237. Trade pressures are down. Volumes changed to bearish during the three weeks before the Christmas holiday.

Daily –  Flat. In the downtrend started in early November. The three day trade for 2012 was stopped out on Dec 23rd. The next profit target up is 2089 which is coincidentally the weekly confirmation for a long trade. The 25×5 is resistance here at 2051.

Trade pressures are up. Volumes changed from bearish to bullish late last week. downward time pressures end on Dec 30.