Market Pressures_

Metals are all showing some downside pressure.

Crude has moved up to the expected targets. Nat gas has generated a new long position.

Still looking for a pullback in the US 30yr Tbond prices.

The US Dollar futures are in a decided down move.

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S&P 500 Futures_

Monthly – Closed above the 2015 year-end close, but tucked up into a resistance area, but above the 25×5 moving average. Trade pressures are up to neutral. The February volume close was bullish.

Weekly – Still in a downtrend but four weeks of bullish volume is significant. Trade pressures are up. Need a close above 2077 to confirm a new move up.

Daily – Flat. Closed above the 2019 profit target. The next target up is 2106. Trade pressures are up and trending. Volumes remain bullish.

A close below 2010 would signal lower.