Market Pressures_

Precious metals are still basing. Copper is a long trade.

Oil and Gas remain in the downtrend.

looking for a new short in the US 30 yr Treasury contract.

The US Dollar is showing lower.

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S&P 500 Futures_   Now negative for the 2015 year.

Monthly – Trade pressures have risen to neutral. Volumes have been neutral for three successive months. Need a close below 1896 to trigger a confirmation of a short trade.

Weekly – Have been in a confirmed short since the close below 2039 in late August. The October rally never closed above the 2087 long confirmation level. Trade pressures have returned to the down. Volumes have changed this last week to bearish from bullish.

Daily – Flat. Monday closed below the 2074 short entry price and reached the 2032 first profit target in the next two days which should be taken, given the volatility. The next target down is 1989. Trade pressures are down. volumes are bearish.

Need a close above 2008 to trigger a new long trade.

[12-13-2015 update: Monday closes above 2008. Volumes change to bullish. Next target up is 2046. Stops at the 1983 lows.]

[12-16-2015 update: raise stops to 2035.]

[Flat. The spike down after the FEd announcement stopped out the trade at the 2035 stop then turned up to rally into the close of 2063.]