Market Summary_

Copper has had a significant move up thru expected levels. Gold continues the move up. Silver is at a target level that may provide resistance.

Crude looked lower then turned up at the 25×5 moving average. Conversely, natural gas continues lower.

The US 30 year Treasury Bond also looked higher, then broke lower.

The US Dollar futures continue the grind lower.

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S&P 500 Futures_

Monthly – The summer months continue higher. Trade pressures are up. Volumes closed the June month as bullish. The next monthly target up is 2788. A close below 2259 would confirm any weekly move lower.

Weekly – At the weekly target range of 2477-2484. Trade pressures are up. Volumes are bullish. The next target up is the 2484 level. A close below 2408 would confirm any daily move down.

Daily – Flat. In the move up from the mid-April 2397 level. Trade pressures are up but declining. Volumes remain bullish.

The next daily target up is 2522.

The mid week wide-ranging bar had a spike down to 2457 with increased volume. There is also a short entry level at 2460. A close below those levels would signal lower.