The US Dollar remains in the retracement up.

The 30yr T-Bonds are in a long retracement trade.

Copper and Gold have turned down.

WTI Crude is in the long trade. Watch for the nearby profit targets.

The Three larger economic regions are mixed. China seems soft. Europe is recovering, but again the Grecian monetary issues still create confusion. The US GDP is showing some weakness which causes the “rate raise” hysteresis in the markets.

S&P 500 Futures_ Grinding to higher targets.

Monthly – Trade pressures are up. Monthly volume close bullish. the next target up is 2189.

Weekly – Trade pressures are up but turning down. next target up is 2254. Volume has changed from bullish to neutral.

Daily – The long trade from 2078 has touched the 2096 stop but did not close below. Use some discretion here. Next target up is 2143. Trade pressures have turned down. Volume has changed from bullish to bearish.

Intraday time frames have a short cycle short trade with a target of 2095.

The daily is now sitting on the 25 moving average. A break down thru this moving average would set up a 2071 downside target.