Market Pressures_

• Copper making a double bottom with a downside target in sight. Gold remains in it’s downtrend. Silver bounced off it’s downside target, will watch for a new move up.
• Crude oil is in a new move up. Natural gas is in a new move up.
• The US 30yr Treasury Bond remains in the move down in price.
• The US dollar futures are attempting a rally, but nothing decisive.

___________________

S&P 500 Futures_

Monthly – New monthly highs. Trade pressures are up. Volumes closed the month of April as bullish. A close below 2182 would confirm any weekly short signal.

Weekly – New weekly highs also. Trade pressures are up but showing some divergence. Volumes are bullish. A close below 2331 would confirm any Daily short signal.

Daily – Flat. The 2399 new long entry was  touched, but no close above. A short cycle short entry is at 2383 and could suggest a retracement of this move up. Trade pressures are up but rolling over. Volumes are still bullish.

The first target down would be 2354 and the 25×5 moving average.