Market Pressures_

• Copper could not get a move up going. Gold rallied as did Silver. The Silver long is doing well. This is a 5000 oz contract so very dollar move up is significant.
• Crude was taken at the first profit target level. Natural gas continues to be trapped in a  channel.
• The US 30yr Treasury contract was closed at a profit ahead of the roll to September.
• The US Dollar Futures remain in a decline.

______________

S&P 500 Futures_

Monthly – Remains in the move up. from the 2152 long confirmation in August of 2016. Trade pressures are up. Volumes close the month of April as bullish. Any close blow 2194 would confirm a weekly move down.

Weekly – In the move up from the Oct 2106 long confirmation at 2167. Trade pressures are up but declining. Volumes are bullish. A close below 2342 would confirm any daily move down.

Daily – Flat. The short signal triggered on the 17th is cancelled with the close above the old highs. Trade pressures are up. Volumes are now bullish.

The longer time cycle which produced the new long entry level at 2399 is dominating.  The next target up on that cycle is 2524.

But the next closer target up is 2424, which has been there since the first of the year.

Another close below 2385 could trigger a new short again.