Market Pressures_

Copper is moving up and out of the consolidation. The Gold move down produced a nice profit and is now in a retracement. Silver remains in the move down.

Crude may have bottomed; at least showing some support here. Natural gas is in a similar move.

The US 30 year Treasury Bond is continuing the move up in price.

The US Dollar futures are now above the 25×5 moving average indicating a retracement to the upside.

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S&P 500 Futures_

Monthly – Continuing the bullish move up. Trade pressures are up. Volumes closed the May month as bullish. 2766 is the next monthly target up. A close below 2230 would confirm any weekly move down.

Weekly – Another new weekly high. Trade pressures are up. Volumes are bullish. The next weekly target up is 2477. A weekly close below 2379 would confirm any daily move down.

Daily – Short. The Thursday close below 2431 has triggered the short position. Trade pressures are down. Volumes are bullish.

The next target down is 2411.

The stop is the 2451 high pivot.

Since there is no bearish volume, move the stop to break-even quickly.

[6-28-17: the 25×5 moving average has acted as support at 2413 just above the first profit target of 2411.]