Market Pressures_  #tradesummary

• Copper is the long trade. Gold and silver are pulling back after a move up.
• Crude is neutral with no volume in either direction. Natural Gas is still in a long trade but a bit sloppy.
• The US treasury futures are Flat, but looking for a new long entry.
• The US dollar remains in the move down to the 98.00 area.

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S&P Futures_  #emini #spfutures

Monthly – In the move up confirmed at the 2164 crossover. The next monthly target up is 2779. Trade pressures are up. Volumes closed the month of December as bullish.

A close below 2078 would confirm lower.

Weekly – In the move up from the 2045 2016 long confirmation. the next target up is 2305 where consolidation would be expected. Trade pressures are up and extended. volumes remain bullish.

A close below 2227 would confirm lower.

Daily – Flat. In the move up from the long entry of 2275. Trade pressures are up. Volumes have changed from bullish to neutral.

The next target up is the weekly 2305 and the daily 2351.  Expect consolidation and possible retracement at the 2305.

A close below 2260 would signal lower.