S&P 500 Futures

Market Pressures_

Copper has finished the pullback and is testing a new long entry. Both Golds and Silver have reached downside targets and are in consolidation.

Crude oil has broken down. Natural gas is in a new move down.

US 30 year Treasury Bonds are selling down to a target level.

The US Dollar futures are rising into a new move up.

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S&P 500 Futures_

Monthly – The move up continues. Trade pressures are up. Volumes closed the month of Sept as bullish. The next target up is 2766. A close below 2326 would confirm any weekly move lower.

Weekly – Continuing the move up after the breakout above the 2484 upside target. Trade pressures are up. Volumes remain bullish. the next target up is 2729. A close below 2477 would confirm any daily move lower.

Daily – Flat. In the move up from the 2456 long entry, breezing thru the 2522 upside target. Trade pressures are up. Volumes remain bullish.

The next target up is 2588.

A close below 2530 would signal a pullback in this strong trend up.