Market Pressures_

Copper is consolidating at an upside target; still a China proxy.

Gold and silver have made moves up to targets.

Crude attempted a move up but was stopped at the first profit target.

The 30 Yr T-Bonds are acting as a safe haven with targets just above the current price levels.

The US Dollar is under pressure.

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S&P 500 futures_

Monthly – Price moved up off the monthly 1896 short confirmation level. Trade pressures are down. The September month volume closed neutral changing from the prior month’s bullish.

Weekly – Still a confirmed short. Trade pressures are rising thru neutral to up. Volume has been bullish for three weeks. A close above 2094 would confirm a change from Short to Long.  1640 is still a weekly downside target.

Daily – Flat. No trade. In the move up from the 1908 long entry. The first profit target of 1978 was reached and taken. The move has continued up toward the next profit target of 2051. Trade pressures are up but declining. Volume is still bullish.

Need a close below 1990 to signal a new short trade.