Market Pressures_

Copper is long.

Gold and silver saw a move up.

Crude is long and Nat Gas is showing some signs of life.

The long US T-Bond is trying to signal a new short, but not yet.

The US Dollar (DX) is signalling lower.

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S&P 500 Futures_

Monthly – Price is sitting on the 1896 short confirmation level. Trade pressures are down. The September month volume closed Neutral changing from the prior month’s bullish.

Weekly – Still in the move down. Trade pressures have turned to neutral. Volume have turned to a net neutral from bullish. The 1822 target is still active.

Daily – Long. Long from the Monday open price of 1941. Traded thru the 1978 first profit target. Since this is a move up inside the weekly down move, take the first profit target. Trade is stopped out at 1978.

Trade pressures are up. Volume is bullish.

A new close below 1978 could signal lower.