Market Pressures_

• Copper extends the move up, setting new two year highs. Gold has moved up and out of the 1200-1300 channel. Silver moved up above the 17.30 first target.
• Crude Oil is approaching a long entry price. Natural Gas has moved up and out of the consolidation at 2.95.
• The US 30 year Treasury Bonds is in a new uptrend but showing divergences.
• The US Dollar futures remain down but are also showing divergences, hinting at a new move up.

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S&P 500 Futures_

Monthly – August closed with a slight 2 point gain. Trade pressures are up. Volumes closed the month of August as bullish. A close below 2267 would confirm any weekly move lower.

Weekly – Rallied into the close of the week. Trade pressures are down into the neutral zone – negative divergence. Volumes changed from bearish to bullish. A close below 2416 would confirm any daily move lower.

Daily – Long. The close above 2460 triggered the new long entry. Trade pressures are up. Volumes are bullish.

The time cycles are up until the 27th of September.

The next target up is the previous high at 2488, then 2522.

A close below the 25×5 moving average at 2456 would be a good stop.

[Monday 9-4-17: Raise stop to 2460.] [AM later: Now out at the 2460 breakeven.]