Market Pressures_

Copper is is a new move down. Gold and Silver have attempted a new long entry but have pulled back almost immediately.

Crude appears to have finished the move down and is setting up for a new move up.

The 30 year Treasury Bonds have signaled a new move up but also have pulled back with the jobs report.

The US Dollar futures are beginning some consolidation at the $95 level.

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S&P 500 Futures_

Monthly – At a new monthly long entry price of 2174 which is also the final upside target for longer cycles. Expect consolidation. Trade pressure are up. Volumes closed the month of July as bullish.

Weekly – At the multiple target mentioned last week. Again, expect consolidation. Trade pressures are up but diverging. Volumes remain bullish.

Daily – Flat. At the upper range of the trading band. Trade pressures are down into the neutral zone. Volumes have changed to bullish with the Friday Jobs Report.

The next target up is 2188.

A close below 2145 could signal a new move down.