S&P Futures

New highs this last week. Changes in the Eurozone growth prospects and perhaps a cessation of hostilities in the Ukraine increase economic confidences.

Monthly – 2191 remains the upside target. Trade pressures are up. Monthly net volume was bearish.

Weekly – the weekly short entry was triggered at 2016 two weeks ago, but the trade above the highs will cancel that short trade. The next target up is 2112. Trade pressures are up but not as much as price, so be wary of this move. Volume is bullish.

Daily – in the long trade from the 2036 long entry. The next target up is 2097, then 2144. Some new bullish volume came in last Friday. Trade pressures are up. Volume is bullish.

a close below 2067 would signal lower. Use that level as a stop.