Market Pressures_

Copper has been wandering but may be near a new long entry. Gold is still in the long trade looking for a breakout. Silver is down.

The long Crude Oil trade is working well. No trade in Natural Gas.

The long 30 year T-Bond trade is underwater.

The US Dollar is in a down move.

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S&P 500 Futures

Monthly – The new monthly long entry is 2178. Trade pressures are up. The July volume close was bullish.

Weekly – Another higher close. Trade pressures are up. Volumes closed as bullish.

Daily – Flat. Touched the 2188 target this week but no follow thru yet. Trade pressures are down into the neutral zone. Volumes remain bullish.

The next target up is 2251.

A close below 2156 would signal lower. These declining trade pressures are warnings.