Market Pressures_

Copper is consolidating at a downside profit target, but pressures are still down. Gold and silver are rallying into resistance.

Crude is struggling to reach the 53 profit target. Natural Gas has increased volatility and in a 30 cent pullback from a profit target.

The 30 year Treasury futures are in a retracement up from the 163-00 profit target; perhaps more to go on the downside.

The US Dollar futures are up sharply, seemingly aimed at the 100 mark.

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S&P 500 Futures_

Monthly – No significant change. Trade pressures are up. Volumes closed the September month as bullish.

Weekly – Have been three unsuccessful tests of the short confirmation at the 2112 level over the last seven weeks. Trade pressures are down. Volumes are bearish. A break down would target the 1995 level. There are multiple support levels at the 2077 uptrend support.

Daily – Flat. In the downtrend established in early September. Trade pressures are neutral, perhaps with an upward bias. Volumes are mixed bullish to neutral.

The next target down is 2099.

Need a close above 2152 to restart a move up to a 2205 target.