Market Pressures _

Copper is at downside targets. Gold and Silver are both moving up with the geopolitical uncertainty but near upside targets. This next week may see a removal of the Easter hedges.

The crude rally is also near upside targets; so would be alert for profit taking. Natural gas pulled back to the 25×5 moving average and is now consolidating.

The US 30yr Treasury bonds have rallied with the safe haven trade.

The US Dollar futures have renewed their move down.

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S&P 500 Futures_

Monthly – The month is down this first two weeks. trade pressures are up. Volumes closed the month of March as bullish. A close below 2180 would confirm any weekly move lower.

Weekly – In a new move down from the 2328 level. Trade pressure are up but turning down. volumes are bearish. The close below the 2328 level has confirmed the Daily down move. The next target down is 2211.

Daily – Flat. Look for new short entries on any rally. Trade pressures are down. Volumes are bearish.

In the move down for the 2358 level. The next target down is 2319.

Need a close above 2399 to signal a new move up.

This US bluster about Bombing is making me nervous; too many generals.