Market Pressures_

All three metal Copper, Gold, Silver are in a retracement after the recent moves up.

Crude did breakout and moved thru the 54 level. Natural gas is in a new move up but the volatility is too high.

The US treasury Bonds are in a move down reflecting the rising rates.

The US Dollar has rallied to 95 and is looking still higher.

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S&P 500 Futures_

Monthly – Yet another new high. Trade pressures are up. Volumes closed the month of September as bullish. The next target up is 2766. A close below 2359 would confirm any weekly move lower.

Weekly – All averages point higher. Trade pressures are up . Volumes are bullish. The next target up is 2729. A close below 2508 would confirm any daily move lower.

Daily – Flat. The spike down thru the 2557 was warning. Trade pressures are up but have declined to near the neutral zone. Volumes remain bullish.

The next target up is 2585.

A close below this 2557 level would signal lower.