Market Pressures_

Copper is looking lower. Gold and silver have dropped thru the support lines but are showing bullish volumes.

Crude Oil has pulled back enough to stop out the long trade; could still go higher. Natural Gas is in the long wide channel started in July.

The 30 year US Treasury futures had a month of sideways trading that ended in a loss at the contract expiration.

The US Dollar Futures explain most of the August months trading action. First a move down into the 94 area which had the metals and oil moving up then the last two weeks of US dollar rally which turned those same futures down again. And, it doesn’t help that the summer volumes are low and volatile.

The Virtual Portfolio results YTD thru August are available in Trading Results 2016 #tradingresults.

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S&P 500 Futures_  #SPfutures #eminifutures

Monthly – A 110 point trading range for the prior month and a 50 point trading range for August. Trade pressures are up. Volumes closed the August month as bullish.

Weekly – Still trading close to the 2190 highs. Trade pressures are up. Volumes are bullish.

Down thru 2118 would signal lower.

Daily – Flat. Listless trading for the month. Trade pressures are rising up thru neutral. Volumes were mixed bearish to bullish.

The 2188 upside target has acted as resistance.

A close below 2158 would signal lower.

The September FED meeting will dominate the airwaves. But watch the US Dollar futures flows for real news.