Market Pressures_

The precious metals returned to the spike highs.

Copper reached the 2.25 target and is retracing.

Crude Oil is making lower highs on declining volumes.

The 30 year US Treasury Bond is making new highs on bearish volumes.

The US Dollar futures are settling down around the $95 price levels.

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S&P 500 Futures_ ESU16

Monthly – The June Month closed up after flirting with the 1889 short confirmation level. Trade pressures remain up. The June volumes closed bullish with higher volumes than the May month.

Weekly – A wide ranging week. Trade pressures are down into the neutral zone suggesting distribution. Volumes changed to neutral from Bearish.

Daily – Flat. The week was book-ended by the June 23 BREXIT vote and the 4th of July US holiday. Choosing to stand aside, there were no trades.

The ESU16 is in a move up from the long entry price of 2062. Trade pressures are up. Volumes are bullish.

The next target up is 2188.

Stops are the 1981.50 pivot low.