Good morning everyone,
These are key timing for today: 9:30AMEST, 12:15PMEST, 2:00PMEST
These are key MA levels: 5EMA 2458, 10DMA 2467, 20DMA 2470, 50DMA 2248, 100DMA 2413, 200DMA 2340
These are key Fib Levels: 2415, 2452
These are key primary and intermediate levels: 2459(intermediate minor), 2440(intermediate minor), 2424(intermediate minor), 2410(intermediate minor), 2404 (intermediate minor), 2384(intermediate), 2374(intermediate minor), 2355(intermediate minor), 2344(intermediate minor)
Here is today's market look at the S&P 500 for Tuesday, August 15, 2017
Overnight price action has left a high degree of ambiguity relative to the MSP of preference so it seems the best way to approach this is to wait for the next timing at 9:30AMEST to gather some more evidence for the regular trading hours potential path.
Yesterday saw buyers close back above the 5DEMA in what appears to be a consolitory fashion, but to claim any real validity, sustained trade above the 10 and 20DMA's would be preferrable. A retest of either the intermediate level just below at 2459, or the 50DEMA would also be highly probable after such a sharp rally. With only an intermediate pivot marker at the lows, buyers have the advantage until a new one presents itself either here or at higher prices. Good luck today!