Market Pressures_

Copper is consolidating after a big move up. Gold is turning down and sliver has indicated a new short trade.

Crude has been rejected at the $50 level. Natural gas still in the downtrend.

The US 30 year Treasury bond is drifting thru the summer. The Banks are rallying , so perhaps some expectation of a rate rise.

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S&P 500 Futures_

Monthly – Nine months into this move up off the 2152 level. Trade pressures are up. Volumes closed the July month as bullish. The next monthly target up is 2768. A close below 2259 would confirm any weekly move down.

Weekly – At the 2477-2484 target area and consolidating. Trade pressures are up. Volumes are bullish. A close below 2408 would confirm any daily move down.

Daily – Flat. Consolidating around the 2474 extended target. Trade pressures are up but declining. Volumes are still bullish.

A close below 2460 could signal a move lower.

[8-10-17: Short as we pass down thru the 2460.]

[8-11-17: Lower the stop to the entry price , 2460.]