Market Pressures_ #tradesummary

• Copper is in a short trade. Gold has reached the weekly target. Silver is following gold, looking lower.
• Crude has a higher target but is conflicted. Natural gas has turned higher but is facing resistance.
• The US Treasury Bond prices still show some downside, but some buying may be coming in.
• The US Dollar futures have one more target higher.

_________________

S&P 500 Futures_  #eminifutures  #spfutures

Monthly – Showing higher after the close last month above the new long confirmation level. Trade pressures remain up. Volumes closed the month of November as bullish.

Weekly – Lower high this week from last. Trade pressures are up. Volumes remain bullish, but very light as the holidays approach.

Daily – Flat. In the move up from the 2123 long entry. Trade pressures are up but declining. Volumes are neutral and very light.

The next target up is the 2283 level and after that is the important 2307 level.

A close below 2233 would signal lower.

Any run up to the 20,000 level on the Dow Jones Average is likely to be constrained by these upside targets. The 2283 is roughly the same S&P 500 level where the DOW would be at 20,000. There is also a DOW target of 21,048; that could be the one the market reaches for after a 20,000 break.

But as all things must come to an end, the question is always “Where?”.