Market Pressures_

Copper is consolidating in a downtrend. Gold has down ward pressures. Silver is testing recent lows.

Crude is mixed with a new upward bias. Natural gas is looking lower.

The US 30 year Treasury Bond is in the second leg up of a new move up.

The US Dollar Futures are still basing with reasonable volatility.

_____________________

S&P 500 Futures_

Monthly – The 2766 target level was met in January and has produced consolidation at that level. Trade pressures are up. Volumes closed the month of February as Neutral. The next target up is 3383. A close below the 2662 level would confirm any Weekly move lower.

Weekly – Five weeks off the lows of early February and now testing a new weekly long entry at 2796. Trade pressures are in the neutral zone but rising. Volumes are neutral. Support is at 2676, the 25×5 moving average.

Daily – Flat. In a move up from the 2713 level. Trade pressures are down into the neutral zone. Volumes are bullish.

The week traded up to the resistance confluence of the downtrend resistance line and the two cycle targets between 2812 and 2817. This stopped the move.

The next target up is 2812.

A close below 2723 would signal lower. Support is at 2728, the 25×5 moving average.

The end of quarter window dressing could roil these markets. Navellier thinks his buy list with superior fundamentals will benefit from these realignments.