Market Pressures_

Copper futures are in consolidation as the jobs report is mixed. Gold rallies. Silver is moving up again after a small pullback,

Crude oil is down and looking lower. Natural Gas has accelerated its move down after the 3.21 level was breached.

The US 30 year T-Bond is in a sustained rally.

The US Dollar futures continue their decline.

__________________

S&P 500 Futures_

Monthly – The month of May continues the bullish trend. Trade pressures are up. Volumes closed the May month as bullish. A close below the 2218 level would confirm any weekly move down.

Weekly – Continuing the breakout from last week. Trade pressures are up, but showing negative divergences. Volumes remain bullish.

Daily – Flat. In the rally from the 2363 long entry level. Trade pressures are up. Volumes are bullish.

The 2399 gave added confirmation to the move up.

The 2424 target was reached quickly and did not offer any resistance.

The next target up is 2473.

A close below 2401 could signal a new move down. [6-6-17: raise this sell trigger to 2419.]