Market Pressures_

Copper is near a downside profit target. Both Gold and silver are signalling a new move down.

Crude is in a move up but near upside profit targets. Natural gas is in a move down, but remains too volatile to trade.

The US 30yr Treasury is in a move up to the old highs. Could be looking for a good short setup soon?

The US Dollar futures are coming off the $92.00 lows in a possible new move up.

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S&P 500 Futures_

Monthly_ At the upper bound of a 10 month channel between 1814  and 2100. Trade pressures are up. Volumes closed April as bullish.

Weekly – After closing above the long confirmation of 2077 four weeks ago price has begun a pull back. The confirmation of a new short will be a close below 2032. Trade pressures are up but declining. Volumes remain neutral.

Daily – Short. A tight stop took the trade out, but a new reversal down at 2069 on 5-11-2016 re-instituted the short. Trade pressures are down. Volumes are bearish.

The next profit target down is 2020.

Stops at the new short entry of 2069.

[5-17-16: stopped out again at the 2069 level in the overnight session for a break-even.]