Market Summary:

Copper ripped higher then collapsed. Now look for a re-entry long.. Gold and Silver crash back to support levels .

Crude is still a long, but took profits.  Natural Gas may test the 5.00 prior high.

The US 30yr Treasury in a new move up from 114-24.
The 10yr yields continue above 4.20%.  The expected oversold level for the 10yr yield rises to 4.17%

The US Dollar – after a significant move lower, now moving higher.

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S&P 500 Futures   #ESH26

Monthly –Monthly bar still showing indecision. Trade pressures remain up. Volumes closed the month of December as bullish.  The 7036 price remains the adjusted high.  7208 is the next target up. A close below 6725 would confirm any weekly move lower.

Weekly – The weekly bar breaks back above the trendline resistance.  Trade pressures are down into the neutral zone. Volumes are bullish.  Price above the prior high pivot at 7013. The support trendline is at 6729. A close below 6769 would confirm any daily move lower.

Daily – Flat. In the move down from 6987 and testing the 6917 support. Trade pressures are down. Volumes remain bullish.

The next target down is 6863. The expected oversold level rises to 6845.

A close above 7008 would signal higher The expected overbought level declines to 7037.

[OB/OS trend is widening.] Increasing volatility.

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