Market Pressures_
Metals have reached targets and are consolidating.
Oil and Gas both have had upward moves but are now in oversold territory.
US Treasury Bond prices are moving down.
The US Dollar futures are in a new downtrend.
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S&P 500 Futures_
Monthly – Have move up smartly off the 1888 short confirmation level. Trade pressures are rising and about to cross into the plus side. Volumes closed February as bullish.
Weekly – Still in the down trend. a close above 2076 would signal higher. Trade pressures are up. Volumes are bullish now for three weeks.
Daily – Flat. In the uptrend. Price did trade well below 1974 on Thursday, but closed that day above and continued up strongly into the Friday close. Trade pressures are up and trending. Volumes are bullish.
The next target up is 2028. Need a close below 1980 to signal a change.