The Euro started the week at 1.09 ran up to 1.14 and back down to 1.11 on fear and greed. (Each penny move in the CME futures contract is worth US$1000.)

The Crude oil contract is still in the long trade.

The 30yr Bonds have reversed into a short trade.

Copper seems to have completed its move down.

Gold and Silver are pointing lower.

Continued indecision about the outcome of the Greek financial situation, coupled with the intransigence of the Germans raises nationalistic feeling among the Europeans.  Good News on the US employment front caused the US markets to worry anew about the next interest rate increase by the FED.

We all know that it will come soon.  Just follow the money.

S&P 500 Futures-

Monthly – Trade pressures are up with a slight decline. Volume closed the month bullish. the next target up is 2189.

Weekly – Trade pressures are down. Volume has been neutral for the last two weeks. the next target up is 2254. A trade below 2064 signals lower.

Daily – The long trade was stopped out at 2096 for an 18 pt gain. The break and close below the 25×5 moving average triggered the 2071 downside target. The 80 day moving average is now acting as support.

No trade yet. Go to the hourly time frame for a new trade trigger.