S&P500 Expert Lounge Update – February 15, 2017

Good morning everyone,

These are key timing for today: 10:00AMEST,  2:30PMEST

These are key MA levels:  5EMA 2325, 10DMA 2307,  20DMA 2293  50DMA 2274, 100DMA 2215, 200DMA 2172

These are key Fib Levels: 2338, 2322, 2213

These are key primary and intermediate: 2275(intermediate minor), 2254(intermediate minor)

Here is today's market look at the S&P 500 for Wednesday, February 15, 2017

With red, magenta and white all viable MSP options up to this point 10:00AMEST timing will be important discerning which is the most probable.  We have a health dose of economic reality today with the Consumer Price Index, Retail Sales and Empire State Manufacturing Survey at 8:30AMEST, Industrial Production at 9:15AMEST, Atlata Fed Business Inflation Expectations, Business Inventories, and Housing Market Index at 10:00AMEST, and lastly the EIA Petroleum Status Report at 10:30AMEST.

MSP

 

The technical picture still continues its relentless climb higher maintaining the most extreme of rising support and successfully backtesting broadening resistance.  On a break of the extreme rising support, another test of broadening support would be expected at the very least.  Good luck today.

Primary and Intermediate Levels

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