Market Pressures_
Gold and Silver continue down. Copper has signaled a new move up.
Crude is at a target, look for consolation. Natural gas is showing higher.
The US 30yr Treasury Bond still want to go lower in price.
The US Dollar Futures are moving up near a target level which could begin consolidation.
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S&P 500 Futures_
Monthly – Attempting to move above last month’s high. Trade pressures are up. Volumes closed the April Month as bullish.
Weekly – In a new uptrend. Trade pressures are up but declining. Volumes remain bullish. The 2032 short confirmation level held as support.
Daily – Flat. The 2072 long entry was set, after two attempts to get short were stopped out with break-even results. Trade pressures are up and were up all last week. Volumes are bullish.
The next target up is the 2105 pivot; then the 2115 intermediate target and finally the 2139 upside target is just beyond.
If long, the stop is the long entry price of 2072.
A close below 2064 would signal lower.