Market Pressures_

Copper showing higher. Gold has been in a long trade.
Silver flat, but looking for a long entry.

Crude Oil is in a new long trade. Nat Gas is signaling lower.

The US 30yr T-Bond is near recent highs. This FED week may generate a move.

The US Dollar is still in the move up. Watch the 25×5 moving average for support.

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S&P 500 Futures_

Monthly – Sitting on the short confirmation level of 1896. Trade pressures remain neutral. Volumes closed in bearish territory at the end of December.

Weekly – Retested the 1807 short target level. Trade pressures remain down. Volumes have changed from bearish to bullish.

Daily – Long. The intraday spike down to 1804 last week set the the new long entry at 1872. This entry level was triggered on Friday. The Monday pullback gave room for price improvement.  The next target up is 1982. Trade pressures are down, but rising. Volumes are bullish.

Stops are at 1840.

[Jan 28, raise stops to 1846]

[Friday Jan 29, raise stops to break even – 1872]