Market Pressures_

Copper is in a move up. Gold and silver are retracing the recent move up.

Crude is in a move down but now at a target that could suggest a reversal. Natural gas has been moving sideways but is showing signs of a new move up.

The US 30yr Treasury bond is in a short trade from higher.

The US Dollar futures are in a new move up toward the 98 target.

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S&P 500 Futures

Monthly – Another monthly high. Trade pressures are up. Volumes closed the June month as bullish. July volumes are well below the prior months.

Weekly – The weekly close at 2170 is very near the 2174 and 2180 upside targets. Trade pressures are rising up thru the neutral zone. Volumes closed as bullish.

Daily – Flat. In the move up from the 2060 long entry. Trade pressures are  up and trending. Volumes remain bullish although lite.

The next target up is 2188.

A close below 2135 could signal a new move lower.