The updated trade results based on the South Ocean Buy-Sell Levels are available.

Market Pressures_

Copper still in the move up, but should be taking profits. Gold is in a new move up. Silver is signaling anew long trade.

Crude has moved down sharply. Natural gas has followed Crude down; both look to consolidate.

The Treasury complex continues to decline in price.

The US Dollar futures are retracing after the move up.  The election results will show up in this bellwether.

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S&P 500 Futures

Monthly – November continues the three months of decline. Trade pressures are up but declining. Volumes closed the October month as bullish.

Weekly – The 2112 short confirmation level has finally given way. Trade pressures are down. Volumes are now into the fifth week of a bearish trend.

Daily – Flat. In the move down from the 2150 short signal. Trade pressures are down and appear to be very oversold. Volumes have been bearish for 7 trading days.

The next target down is 2047.

A close above 2128 could signal a new long entry.

Market Pressures_  #tradesummary

Copper continues the move up. Gold and Silver both a moved up sharply on the GDP improvement and perhaps the new uncertainties in the Presidential election.

Crude is signalling a new move down. Natural gas could be bottoming with a new long entry nearby.

The 30 Year Treasuries continued their move down in price.

The US Dollar futures are holding at the upside target levels. Perhaps some retracement will begin with the new election issues.

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S&P 500 Futures

Monthly – Headed for a lower close from last month. Trade pressures are still up. Volumes closed as bullish for the September month.

Weekly – The short confirmation of 2112 seems to be an attractor. Trade pressures are down. Volumes remain bearish.

Daily – Flat. The improving GDP offers some explanation as to why this market has been so resilient. Trade pressures are down. Volumes are mixed bullish to bearish.

The 2152 long entry trigger is still active.

A close below the September lows will signal lower.

Market Pressures_

Copper is consolidating at a downside profit target, but pressures are still down. Gold and silver are rallying into resistance.

Crude is struggling to reach the 53 profit target. Natural Gas has increased volatility and in a 30 cent pullback from a profit target.

The 30 year Treasury futures are in a retracement up from the 163-00 profit target; perhaps more to go on the downside.

The US Dollar futures are up sharply, seemingly aimed at the 100 mark.

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S&P 500 Futures_

Monthly – No significant change. Trade pressures are up. Volumes closed the September month as bullish.

Weekly – Have been three unsuccessful tests of the short confirmation at the 2112 level over the last seven weeks. Trade pressures are down. Volumes are bearish. A break down would target the 1995 level. There are multiple support levels at the 2077 uptrend support.

Daily – Flat. In the downtrend established in early September. Trade pressures are neutral, perhaps with an upward bias. Volumes are mixed bullish to neutral.

The next target down is 2099.

Need a close above 2152 to restart a move up to a 2205 target.

 

Market Pressures_

Copper reversed to down quickly and Gold looks to continue lower. Silver is at a downside target and is consolidating.

Crude oil is at a profit target and appears ready to retrace some of this recent move. Natural gas is holding above the 3.00 target.

The 30 year US Treasury Bond futures have been in a summer long decline and are at a profit target.

The US Dollar futures are showing strength above the 96 breakout.

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S&P 500 futures_

Monthly – Continues in the uptrend. Trade pressures are up. Volume closed the September month as bullish.

Weekly – In a move up from the long confirmation at 2057. Trade pressures have declined into the neutral zone. Volume is bearish for the second week. A close below 2112 would confirm a move down on the daily.

Daily – Flat. two weeks of trading around the 2153 short entry has finally given way to a second move down closing under the 80 day moving average. Trade pressures are down. Volumes are mixed bullish to bearish.

The next target down is the Sept low at 2102, then 2088.

Need a close above 2143 to signal a new move higher.

Market Pressures_  #tradesummary

Copper is consolidating with a higher bias. Gold has a bit more to go on the downside. Silver is trying to consolidate, but still has lower targets.

The Crude run-up is getting extended. Natural gas looks to have some more room on the upside.

The US Treasury futures have lower targets nearby.

US Dollar futures have had a breakout to the upside and are close to upside targets.

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S&P 500 Futures_  #eminifutures  #spfutures

Monthly – Interestingly the net volumes for all months except one have been bullish. Trade pressures are up. Volumes closed the month of September as bullish.

Weekly – These last three weeks have risen off the 2112 short confirmation level. Trade pressures are now down just below the neutral zone. Volumes have been mixed neutral to now bearish.

Daily – Flat. There is a downtrend line from the Sept 8th high pivot that has acted as resistance for all the Sep-Oct rallies. This week’s price action touched the 2120 target. The next target down is 2088.

A close above 2152 would signal higher.

Market Pressures_  #tradesummary

Copper is still in the move up. Gold and Silver may be close to entering a new downtrend.

Crude oil is trading cycles within cycles; best to stand aside.
Natural gas is retracing after the move up to $3.00.

The 30 year treasury bond price has signalled a new long entry but some volume confirmation is needed.

The US Dollar futures are in a move up but still bounded by the 94-96 range.

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S&P 500 Futures_  #eminifutures  #spfutures

Monthly – Traded up near last months high. Trade pressures are up. Volumes closed the September month as bullish. Bullish volumes have risen each of these three months.

Weekly – Three weeks of green bars. Trade pressures have declined into the neutral zone. Volumes continue to be neutral.

Daily – Flat. Last weeks 2149 long entry was stopped out as the daily trading ranges increased. Trade pressures are still in the neutral zone but rising. Volumes are mixed bearish to bullish.

A close above 2164 could spark a rally. Or a break below last weeks lows could start a new move down.

The US is in the last weeks of the Presidential election season, so expect volatility.

Market Pressures _  #tradesummary

COPPER is in a move up. GOLD and SILVER are signaling higher.

CRUDE is mixed and reactive to geopolitical news. NAT GAS has had a nice move up.

The US Treasury Bond futures had a price move down, but now look higher.

The US Dollar futures are in a move up but have difficulty breaking out of the 94-86 band.

The FED held the rates steady with no change.  The economy seems to be improving but with little momentum. Various macro indicators ticked down this month.

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S&P 500 Futures_  #eminifutures  #spfutures

Monthly – Remains in the uptrend. Trade pressures are up. The Volume closed the month of August as bullish.

Weekly – In the uptrend. The 2112 short confirmation level was touched but price never closed below that level. Trade pressures have declined into the neutral zone, but did not change to down. Volumes have changed from bullish to neutral.

Daily – Long. The close above 2149 was confirmed by volume on the hourly charts. Trade pressures are up. Volumes are bullish.

The next target up is 2230 but the old high of 2185 will act as resistance.

Move stops to the entry level of 2149.  Be alert for a possible short entry at this same level.

[9-26-16: stopped out in the early session at 2149.]

 

Market Pressures_  #tradesummary

COPPER is in a new move up. Watch the emerging markets.

GOLD and SILVER are both in a move down as the US Dollar rises.

The US Treasury Bonds are down is price as the FED mulls raising rates once again. But they do appear to be near some support.

The US Dollar futures are up into a new long move. Money flows coming this way?

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S&P 500 Futures_  #eminifutures  #spfutures

Monthly – So far a down month. Trade pressures are up. Volumes closed bullish this last mont. Last month volumes were 33 million, this month thru the 17th only 19 million contracts.

Weekly – The week closed just above the 2122 short confirmation level, but still in the uptrend. Trade pressures are up but declining toward the neutral zone. Volumes have returned to bullish from last weeks bearish.

Daily – Flat. The 2150 short entry was taken and the market ran down to the first profit targets at 2099 and then turned all the way back up to stop out the trade at a break-even. Trade pressures are down. Volumes are back to bearish from neutral.

A close above 2149 would signal anew long entry. But there is also the old short entry at 2150. So, some confusion which will have to be resolved by the indicators and volumes on a shorter time frame.

Or if it too unclear then “Flat” is our friend.