Market Pressures_

Copper has started a new leg up. Gold may have another 50 points to the downside. Silver is trying to setup for a new move up.

Crude Oil moved up off the first downside target but met resistance above at the downtrend line. Natural Gas is in a decisive move up, running counter to Crude Oil.

The 30 Treasury Bonds have sold down to a major target level. Expect some consolidation here and a possible retracement.

And the US Dollar futures are showing the obverse of the T-Bonds; now at a high target also expecting consolidation and retracement down from these highs.

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S&P 500 Futures_

Monthly – Appear to have trade up and out of the consolidation that began in the summer of 2015. Trade pressures are up. Volumes closed the month of October as bullish.  A new monthly long entry has been signaled at 2169.

Weekly – Moved up into new highs while taking out the 2188 upside target. Trade pressures are up and just breaking out of the neutral zone. Volumes are once again bullish. The next target up is 2310.

Daily – Flat. In the move up from the 2130 entry price. The 2208 target was met this week. Trade pressures are up and trending. Volumes are bullish and declining.

The next target up is 2238.

A close below 2179 would signal lower. Use this 2179 level as a Stop.