Market Pressures_

Copper is in a new move down. Gold and silver are approaching new long entry levels.

Crude continues the move down to the 38-39 level. Natural gas is rising to test the 2.96 highs.

The 30 year Treasury Bond has risen in price to a new long entry with a target above prior highs.

The US Dollar futures are now in a new move down.

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S&P 500 Futures_

Monthly – This week closes the July month. Multiple upside targets have now been met. Trade pressures are up. Volumes are bullish.

Weekly – The cluster of targets at 2180,2173,2174 are all attractors, but will ultimately act as resistance. Trade pressures are up but diverging. Volumes remain bullish.

Daily – Flat. Trapped in this low volume band between 2150 and 2170. Trade pressures are up and beginning to be extended. Volumes are mixed bearish to bullish.

2188 is the next target up.

A close below 2138 would be a new short signal.