Market Pressures _

Copper is turning down. Gold is in the move up and near a target. Silver remains in a similar move up.

Crude Oil is in the second leg up with a 63-64 target. Natural Gas has turned back down.

The US 30 year Treasury Bonds are consolidating around the 153 pivot.

The US Dollar futures remain in the move down.

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S&P 500 Futures_

Monthly – 10 months of successive increases. Trade pressures are up and trending. Volumes closed the month of December as bullish. The next target up is 2766; this seems to be a significant target. A close below 2522 would confirm a Weekly move lower.

Weekly – Closed above the 2728 target. Trade pressures are up and extended. Volumes are bullish. The next target up is 2929. A close below 2670 would confirm a Daily move lower.

Daily – Flat. A break above the 2694 target level. A second level at 2737 broken also. Trade pressures are up and turning higher. Volumes are bullish.

The next target up is 2848.

Relative Strength divergence remains in place. A close back below 2698 breakout level would signal lower.