Market Pressures_

Copper has moved down. Gold and Silver have continued their move up.

Crude has moved up to and back down thru the $US50 target. In a retracement move now.

The US 30YR Treasury bond has moved up in price near a profit target level and appears to be over bought.

The US Dollar futures have signaled a new move down. The BREXIT vote in the UK occurs on June 23rd. Funds could flow back into the Dollar.

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S&P 500 Futures_

Monthly – Remains at the upper end of the channel. Trade pressures are up. Volumes closed the month of May as bullish.

Weekly – After reaching a contract high of 2110, the trade pressures are up but showing some negative divergence. Volumes remain bullish.

Daily – Short. A close below 2078 triggers the new short entry. Trade pressures are up but turning down. Volumes changed from bullish to bearish on Friday, June 10th.

The next target down is 2025.

Stops at the 2110 highs.

[6/13/16: lower stops to the entry price of 2078.]

[6-15-16: stopped out at the 2078 stops.]