Market Pressures_

Copper is in a new move up. Gold is in a pullback within a move up. Silver is consolidating with wide ranging bars.

Crude Oil is in a pullback towards support. Natural gas is in a long consolidation with a bias to the downside.

The US 30 Year Treasury bond had made a nice move up to the first profit target, now in consolidation.

The US Dollar futures are in a slow move up off the February lows.

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S&P 500 Futures_

Monthly – In a move down from the 2662 short confirmation level . Trade pressures are still up but have turned down. Volumes closed the month of March as neutral. The next monthly target down is 2304. Need a close above 3103 to confirm a weekly move higher.

Weekly – In the move down from the 2803 short entry. Trade pressures are down. Volumes are bearish. The next target down is 2569, for the third time. Beyond that is the prior intraday low of 2534. Need a close above 2796 to confirm any daily move higher.

Daily – Flat. Consolidating around the 2590 downside target. Trade pressures are up into the neutral zone. Volumes are mixed bullish to bearish.

A new short cycle long entry is signaled at 2615. But given the volatility, these should only be traded intraday – very carefully.

Blustery news risk heightens the uncertainty. 1st Qtr earnings cycle begins in the next weeks and are expected to be very good by comparison. Expect continued volatility.

A close below 2552 would signal lower.

Navellier Research continues the advice to focus on good quality earnings.