Market Pressures_

Copper is in a new move up. Gold and Silver both have new long entries, but with tight stops.

Crude is moving up after testing support at $49. Natural Gas is volatile.

The US 30 year T-Bond is in a new move up also with tight stops.

The US Dollar futures are in a pullback inside the new move up after testing the 94 level.

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S&P 500 Futures_

Monthly – Another monthly high. Trade pressures are up. Volumes are bullish. The next target up is 2766. A close below 2336 would confirm any weekly move lower.

Weekly – Into the seventh week of this current move up. Trade pressures are up. Volumes are bullish. The next target up is 2729. A close below 2483 would confirm any daily move lower.

Daily – Flat. A slowing momentum after the move up thru the 2522 level. Trade pressures are up. Volumes are bullish.

The next target up is 2588.

A close below 2538 would signal a pullback. The next support is at the 25×5 moving average, currently 2520.