Market Pressures_

Copper has turned down. Gold and Silver are reaching for old high pivots.

Crude oil has turned down stopping out the trade for a small gain. Natural gas is un-tradeable.

The US 30 year Treasury Bond futures are now at a target that should result in consolidation.

The US Dollar futures are accelerating the decline.

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S&P 500 Futurues_

Monthly – Off the August highs. Trade pressures are up. Volumes closed the month of August as bullish.  The next monthly target up is 2766. A close below 2265 would confirm any weekly move lower.

Weekly – In five weeks of consolidation after reaching the 2484 level. Trade pressures are down into the neutral zone. Volumes are bullish. The next target up is 2729. A close below the 2416 level would confirm any daily move lower.

Daily – Flat. Still in the downtrend established in early August, but In the countertrend  move up from the 2455 level. Trade pressures are down into the neutral zone. Volumes are bullish.

The next target up is 2522.

A close below 2415 would signal lower.