Market Pressures_  #tradesummary

• Copper failed the long trade, but still stopped out with a profit. Gold followed suit. Silver is in a fourteen day decline and is within 30 cents of the next downside target.
• Crude dropped thru multiple targets and now has triggered a new long entry. Natural Gas is wandering but did not experience the same selloff that was seen in the Crude futures.
• The US 30yr Treasury Bond futures moved very close the downside target. Watch for any reaction to the French elections.
• The US dollar is slightly weaker and also near a downside target.

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S&P 500 Futures_  #emini

Monthly – Testing the old 2401 highs. Trade pressures are up. Volumes bullish for the 13th month in a row. A close below 2180 would confirm any weekly short entry.

Weekly – The upside targets of 2477 and 2484 are in sight. Trade pressures are up but with lower highs. Volumes remain bullish. A close below 2338 would confirm a short in the daily.

Daily – Flat. After a move down from the 2358 short entry to a 2319 target in late March, price has moved sideways until this earning season began in late April.  Trade pressures are up. Volumes turned bullish with the earnings announcements.

A close above 2399 is the new long entry.  The next target up from that entry is 2424.

A close below 2360 would signal a retracement down.