Market Pressures_

• Copper has lost momentum and is in consolidation. Gold continues the move down with profit targets close by. Silver is in a move down.
• Crude Oil is in a new move down. Natural Gas is also in a decline.
• The US 30 year treasury Bond is in a rally.
• The US Dollar futures are consolidating at these lows.

_________________

S&P 500 Futures_

Monthly – Continues the move up. Trade pressures are up. Volumes closed the month of May as bullish. The next monthly target up is 2766. A close below 2222 would confirm any weekly downtrend.

Weekly – Also in the move up. Trade pressures are up. Volumes are bullish. The next weekly target up is 2477. A close below 2371 would confirm any daily short move.

Daily – Flat. In consolidation after the recent rally to 2443. Trade pressures are down into the neutral zone. Volumes are still bullish.

The next short level is 2424. The daily trade have been down thru this level intraday three times, but has not closed below.

The next target down would be  2393.

The stop would be the 2443 high.