Market Pressures_

Copper still in the move up, but should be taking profits. Gold is in a new move up. Silver is signaling anew long trade.

Crude has moved down sharply. Natural gas has followed Crude down; both look to consolidate.

The Treasury complex continues to decline in price.

The US Dollar futures are retracing after the move up.  The election results will show up in this bellwether.

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S&P 500 Futures

Monthly – November continues the three months of decline. Trade pressures are up but declining. Volumes closed the October month as bullish.

Weekly – The 2112 short confirmation level has finally given way. Trade pressures are down. Volumes are now into the fifth week of a bearish trend.

Daily – Flat. In the move down from the 2150 short signal. Trade pressures are down and appear to be very oversold. Volumes have been bearish for 7 trading days.

The next target down is 2047.

A close above 2128 could signal a new long entry.