Market Pressures_  #tradesummary

• Copper has signaled a new long entry. Gold has attempted a breakout and has pulled back to that breakout level. Silver is in a move down.
• Crude is in the move down and seems to have bit more to go. Natural gas is consolidating after a move up to it’s target.
• The US 30 year Treasury Bond has move up in price past the 153-15 target level and is now in a retracement move down.
• The US Dollar futures remain in a move down to the 98.00 level.

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S&P 500 Futures_  #emini

Monthly – Approaching the recent highs at 2401. Trade pressures remain up. Volumes closed the month of March as bullish and appear to be on track for a bullish close for April. 2180 would confirm a weekly short signal.

Weekly – The 2338 short confirmation level was tested three times these last six weeks and has held. Trade pressures are up but declining. Volumes are declining and closed the week as neutral.

Daily – Flat. No trade is indicated. Trade pressures are up. Volumes are bullish.

A close above the 2399 could trigger a new long entry.

The 2338 level remains the short entry level.

The French elections gave hope to the Centrists that the European center will hold and the US markets gapped up on the open and followed thru with more upside the next day.  Earnings season validated the move with selected out performances in the tech sector.