Market Pressures_

Copper has met it’s profit target and continues lower. Gold and Silver are in congestion.

Crude has started a new move up. Natural Gas is congesting with an upward bias.

The US30yr Treasury bond is moving up in price for a possible test of the recent highs.

The US Dollar futures remain in the down-move.

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S&P 500 Futures_

Monthly – a monthly close below 1886 would confirm a move down. Trade pressures are now up for the month. Volumes closed neutral for March.

Weekly – The 2077 level is the long confirmation of a new move up but price can’t get thru. Trade pressures are up and now extended. Volumes remain bullish.

Daily – Flat. Consolidating around the 2042 upside profit target of the 1852 February move up. The next target up is 2106. Trade pressures are down. Volumes have turned to bearish.

The year-end closes for both 2014 and 2015 are acting as support. A close below 2008 could signal lower.