Good morning everyone,
These are key timing for today: 11:30AMEST, 2:45PMEST
These are key MA levels: 5EMA 2170, 10DMA 2170, 20DMA 2156, 50DMA 2116
These are key Fib Levels: 2191, 2186, 2156, 2145
These are key primary and intermediate levels: 2130(minor), 2126(primary major), 2116(major)
Here is today's market look at the S&P 500 for Tuesday, August 2, 2016
Today is light on the data front with Personal Income and Outlays at 8:30AMEST and the Redbook at 8:55AMEST. We've traversed from the upper end to the lower end of the multiweek trading range so there is really nothing new from a technical aspect. As stated countless times before, play the edges till it finally breaks. Only noteworthy cycle happenings in the overnight is a five minute Bearish Retrace and an End at the retest of the ONL. Good luck today.