Market Pressures_  #tradesummary

• Copper is in a new move up. Gold remains in the long trade with stops at the break-even. Silver is trying to move into a new long trade but the pressures are extended.
• Crude Oil is in a weekly downtrend and the daily is moving sideways. Natural gas is signaling a new move up.
• US 30 year Treasuries are in a new long trade with tight stops.
• The US Dollar futures are still in a move down from the recent highs.

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S&P 500 Futures_

Monthly – In the move up. Trade pressures are up and trending. Volumes remain bullish.

Weekly – In the move up from the long confirmation at 2045. Trade pressures are up. Volumes are bullish and rising.

Daily – Flat. In the move up from 2205. Trade pressures are up but declining; also showing divergence with lower highs. Volumes remain bullish.

The next target up is 2289; should take that profit if long with the trade pressures declining.

A close below 2252 is still a signal for lower. Earnings season starts on the 24th with the Alcoa earnings report.