S&P500 Expert Lounge Update –August 12, 2016

Good morning everyone,

These are key timing for today: 9:45AMEST, 1:00PMEST

These are key MA levels:  5EMA 2182, 10DMA 2174, 20DMA 2172, 50DMA 2127

These are key Fib Levels:  2191, 2171

These are key primary and intermediate levels:  2180(minor), 2155(minor), 2148(minor)

Here is today's market look at the S&P 500 for Friday, August 12,  2016

Another sideways overnight session as we inch ever closer to our longer term timing window for the month of August.  Both ES and YM RSI cycle charts have Bullish Retraces that have recently triggered so we should have a moderately green open as End cycles unwind.  We have PPI and Retail Sales hitting the tape at 8:30AMEST followed by Consumer Sentiment at 10:00AMEST which is very near timing and could produce the trend for the day.  Good luck and pleasant weekend wishes from everyone here at MCM.