S&P 500 Futures

Market Pressures_

Metals are mixed. Copper is still in a rally mode but at targets. Gold is looking weaker. Silver has made a nice move up to its targets.

Crude Oil has made a move up to the first profit target. Nat gas has started a new move up.

The US 30 year Treasury bond has begun a move lower.

And the US Dollar futures are consolidating at the 94 level.

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S&P 500 futures_ ESM16.  HMUZ contracts. Trading can occur up to 8:30 a.m. on the 3rd Friday of the contract month.

Monthly – At the highs. Trade pressures are up. The March volume closed neutral.

Weekly – Price has closed above the 2077 long confirmation level. Trade pressures are extended up. Volumes remain bullish.

Daily – Flat. In the move up from 2072 long entry level. How ever the old highs at 2100 have offered resistance as expected. Trade pressures are up and beginning to decline. Volumes have changed to neutral.

So some pullback inside this uptrend seems likely. But need a close below 2035 to change the trend to down.