Good morning everyone,
These are key timing for today: 2765
These are key MA levels: 5EMA 2709, 10DMA 2696, 20DMA 2681, 50DMA 2629, 100DMA 2565, 200DMA 2489
These are key Fib Levels: 2732
These are key primary and intermediate levels: 2595(intermediate minor) 2577 (intermediate minor), 2445(intermediate minor), 2490(intermediate minor)
Here is today's market look at the S&P 500 for Monday, January 8, 2017
Data is virtually nonexistent today with only the TD Ameritrade Investor Movement Index release at 12:30PMEST. Friday's price action extended us out over broadening resistance and well above the 5DEMA which should lead to some consolidation in the near term. Seeing what kind of reaction takes place on a retest of the now potential rising support will be important. A failure from this level hints that a run back at the lower bound is highly probable and a quality fifty point swing at this stage back to the 2690's. Good luck today!