Market Pressures_

Copper made a move up but pulled back into the weekend before meeting the first profit target. Gold rallied into the War talk but also retreated before the weekend. Silver is looking higher. No one wants to take the weekend event risk.

Crude rallied to the expected targets. Natural gas is dormant.

The US Treasury bonds made a second move up to the prior target.

The US Dollar futures are in a slow move up. Don’t know the impact of a new Syrian front in this never ending military adventure.

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S&P 500 Futures_

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

Weekly – In the move down from the 2803 short confirmation level. Trade pressures are down. Volumes are bearish. The next target down is 2534. A close above 2786 would confirm a daily move up.

Daily – Flat. In the move up form the 2615 long entry level. Trade pressures are up. Volumes are bullish.

The next target up is 2718.

The 25×5 moving average upside resistance is at 2675. The downtrend resistance line is at 2753. So this confluence of targets and resistance lines is going to be difficult to get thru. But if is is broken to the upside, it will be earnings driven and sustainable.

The next targets down are the prior low at 2552 and the next downside target at 2457.

The Navellier portfolio begins earnings reports this next week.