Market Pressures_

Copper is in move up.

Gold and silver are undecided.

Crude oil is long. Natural Gas is flat.

30yr T-Bonds are in a move down.

And, the US Dollar is attempting a new move up.

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S&P 500 Futures_

Monthly – The August month closed in the red, but still above the 1907 confirmation of a further move down. Trade pressures are down. Volume closed bullish. 2182 is the next target up.

Weekly – The 1832 target down was met, now in consolidation looking for the next move. The next target down is 1650.

Daily – Large daily ranges and the lighter holiday volumes have made trading difficult in the last week of August. Trade pressures are neutral. Volume closed bearishly.

A retest of the 1832 lows seems likely. China’s market action may be the stimulus.