Market Pressures_

Copper is in a pullback stopping out the new move up. Gold and Silver have failed to continue the move up.

Crude oil is in a second leg up but having some difficulty breaking thru. Natural Gas could be starting a new move up.

The US 30 year Treasury Bond is testing support. Be alert for a break down.

The US Dollar futures are consolidating at the 93.60 level. Seem likely to move higher.

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S&P 500 Futures_

Monthly – October continues the summer rally as earnings reports begin anew. Trade pressures are up. Volumes are bullish. The next monthly target up is 2788. A close below 2355 would confirm any weekly move lower.

Weekly – Seven weeks up after the break out above 2484. Trade pressures are up. Volumes are bullish. The next target up is 2729. A close below the 2504 would confirm any daily mover lower.

Daily – Flat. Continues the move up from the 2522 level. Trade pressures are up, turning down slightly. Volumes are bullish.

The next target up is 2588.

A close below 2557 would signal lower.