Market Pressures_

Copper in the uptrend. Gold setting up for a new short.

Crude in a long trade. Nat Gas hard down.

The US 30 yr treasuries are consolidating at contract highs.

The US Dollar futures remain in a downtrend.

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S&P 500 Futures_

Monthly – 1896 remains the short confirmation level. Price has moved up above that level. Trade pressures are down. Volume closed bullish at the January month end.

Weekly – In the downtrend. Trade pressures are down but rising. Volumes are neutral.

Daily – Long from the 1872 entry price. Trade pressures are up but extended. Volumes remain bullish.
The next profit target up is 1938.

Stops are at the entry price, 1872.

[2-22-16: at the 1938 target, raise stops to 1898.]
[2-24-16: stopped out at 1898]