S&P Futures

Monthly- pressures remain up and the next target up is 2219.
weekly-  pressures are up, but declining. the 1883 target has acted as support. the next target up is 2098.

Daily- in the long trade up. the next target is 1907 and 1914.
pressures are up but getting extended.

a move down thru 1877 would signal lower.

Copper and oil moving up, the dollar getting a little stronger.
the T-bonds are looking for a small correction.

the market keeps worrying about the Fed starting to sell off the bonds in their portfolio.
Will never happen – unless they want to cool some inflation.
Most probably, the FED will let their portfolio of bonds mature and turn into cash on the FED balance sheet.
then they can choose to send the money to the US Treasury or “destroy” the funds in the same way they were “created” in the first place.