Good morning everyone,
These are key timing for today:
These are key MA levels: 5EMA 2175, 10DMA 2179, 20DMA 2180, 50DMA 2150
These are key Fib Levels: 2172, 2169, 2156
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 Wednesday, August 31, 2016
We have a few data points on tap today, but we may run into some consolidation as a function of the holiday weekend coming up along with the NFP release on Friday. 8:15AMEST is the ADP Employment Report, 9:45AMEST we have the Chicago PMI with Pending Home Sales at 10:00AMEST, and lastly there is the EIA Petroleum Status at 10:30AMEST. Intraday MSP is hinting at a weak first portion of the session followed by afternoon strength. 60min Cycles put in a Bearish Retrace during the overnight session and there is also a new support cycle at yesterday's lows via the 288 chart. This will be the defined range to be mindful of in the near term. Good luck today.