Best to your trading & welcome to our new subscribers
These are key timing for today: 8:30 AM - 2:30 PM EST
These are key MA levels: 2095 (100sma) - 2100 (50sma) - 2090 (5ema)
These are key Fibs: 2097 - 2107 - 2115
Here is today's pre market look at the S&P 500 for July 15, 2015 and good luck to your trading:
After closing in the first target area on Monday, SPX ran into the second tier of potential resistance yesterday & stalled at the .786 retrace of the recent swing high to swing low posting a high of day at 2111.98. A similar Fibonacci retracement from all time high to swing low lies just overhead at the 2115 level. If the market manages to clear the highlighted price levels, the probability of a move back to all time highs certainly increases. Market Structure Projections also have the potential for a key pivot today, so it is optimal to manage long exposure accordingly for the imminent future.
Once again, manage risk, Good Luck and do not forget to keep close notes on the key timing via the MSP as they evolve http://mcm-ct.com/blog/public .