Good morning everyone,
These are key timing for today: 11:00AMEST, 1:30PMEST
These are key MA levels: 5EMA 2355, 10DMA 2358, 20DMA 2359, 50DMA 2348, 100DMA 2299, 200DMA 2226
These are key Fib Levels: 2392, 2341
These are key primary and intermediate: 2401(intermediate minor), 2386(intermediate minor), 2354 (intermediate minor), 2275(intermediate minor), 2255(intermediate minor)
Here is today's market look at the S&P 500 for Monday, April 10, 2017
With white and cyan as the most probable MSP's through the overnight session, it will be important to see what 11:00AMEST timing has to discern between the two which equates to patience for the first portion of the session. With only the Labor Market Conditions Index at 10:00AMEST, and TD Ameritrade Investor Movement Index at 12:30PMEST, data shouldn't pose much of a influence on price action today.
The intermediate level at 2354 continues to act as a magnet for price as we whipsaw the shorter term DMAs over and over again. As a reminder, we still have yet to put in an cyan intermediate pivot marker at the most recent lows so sellers still have the overall bias in their favor until that takes place. Good luck today!