Market Pressures_

Copper is in a long trade. Gold and Silver are in a move down.

Crude is consolidating at this US$30 level; looking for a long entry.

The US 30yr Treasury bond price is losing some steam.

However, the US Dollar futures (DX) have rebounded. Money Flows changing?

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S&P 500 Futures_

Monthly – The 1896 short confirmation level is holding. Trade pressures are down. The volume close for January was bullish. [2/29/16: The February volume closed bullish as well.]

Weekly – Still in the downtrend. Trade pressures are down but rising. Volumes have changed from neutral to bullish.

Daily – Flat. Still in the move up from the 1872 long entry price. The next profit target up is 1982. Price is now in a new uptrend. trade pressures are up, but fully extended. Volumes remain bullish.

A close below 1936 would signal lower.