Market Pressures_ #tradesummary
- Copper remains directionless with high volatility. Gold spiked up with the Syrian bombing by the US, But then dropped back almost as quickly. Silver remains in an uptrend with similar reactions as the Gold contract.
- Crude Oil rose with gold and the bomb attack; but also dropped back. Natural gas had a small reaction, but was at a profit target which likely minimized any reaction.
- The US 30 Yr Treasury bonds rose with the Syrian bomb attacks but also retreated to the earlier levels as did the metals and crude oil.
- The US Dollar futures rallied and triggered a new uptrend.
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S&P 500 Futures_ #emini
Monthly – The spinning top signaled a possible reversal. Trade pressures are up. Volumes closed the month of March as bullish. A close below 2180 would confirm a weekly short signal.
Weekly – Holding above the short confirmation level. Trade pressures are up, but appear to be rolling over. Volumes have changed to neutral. A close below 2338 would confirm a Daily short signal.
Daily – Flat. The Short entry at 2358 is still active. Trade pressures are down. Volumes are bearish.
The next target down is 2319.
A close above 2394 could signal a new move up.