S&P 500 Futures

Market Pressures_

Copper has no conviction. Gold has signaled higher but looking for a better entry, Silver is also in a new move up and looking for a pullback.

Crude oil is in anew long trade looking for $54, but with tight stops. Natural gas is continuing the move up off the second long entry signal.

The US 30 Year Treasury Bond is in a long trade with tight stops.

The US Dollar futures are rallying in the downtrend and at resistance.

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S&P 500 Futures_

Monthly – Closed the month with a “Spinning Top”. Trade pressures are up and trending. Volumes closed the month of March with bullish volume.

Weekly – Tested the short confirmation at 2329 of the Daily; but no close below. Trade pressures are up but rolling over. Volumes changed from bearish to bullish.

Daily – Flat. In the move down from the 2351 short entry. Trade pressures are up. Volumes are bullish.

After a move down to the first target at 2319, The short trade was stopped out at the 2360 stop for a 9 pt loss.

Be alert for a new short entry at the same 2358 level.

Need the pressures to confirm.