Market Pressures_
Copper has bounced off a downside target. Gold is trying to break out above the 1370 level. Silver is consolidating.

Crude oil continues the move up. Natural gas is at its target and the trade pressures are fully extended; expect consolidation.

The US 30 year T-Bonds are consolidating at the 149 level.

The US Dollar futures are at the lower bound of the downward sloping channel.

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S&P 500 Futures_

Monthly – 200 Points up this month so far. Trade pressures are up and looking extended. Volumes closed the month of December as bullish. The next target up is 3383. A close below the 2857 would confirm a weekly move lower.

Weekly – 4 week rally with a wide ranging bar in each week. trade pressures are up and trending. Volumes have changed from bullish to neutral. The next target up is 2927. A close below 2803 would signal lower.

Daily – Flat. In the move up from the 2734 long entry level. Trade pressures are up and trending. Volumes are bullish. The next target up is 2949. A close below 2836 would signal lower.

[1-30-18: the 2836 short entry has been triggered. The 60 minute is oversold here at 2823, so look for a bounce to enter.]

The Navellier Top 5 stocks are grinding upward here in the beginning of the earnings season.