S&P500 Expert Lounge Update – February 7, 2017

Good morning everyone,

These are key timing for today: 11:00AMEST

These are key MA levels:  5EMA 2284, 10DMA 2287,  20DMA 2278,  50DMA 2258, 100DMA 2205, 200DMA 2164

These are key Fib Levels: 2302, 2267, 2259

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

Here is today's market look at the S&P 500 for Tuesday, February 7th, 2017

Red MSP is the most probable relative to the overnight price action.  Based off that, we could be in for a real sideways kind of day.  On the economic hit list we have Redbook at 8:55AMEST, JOLTS at 10:00AMEST, and Consumer Credit at 3:00PMEST.

MSP

Barring a swift decline between now and the start of regular trading hours, we look set to open up back near Friday's highs, and with no technical breaches to speak of buyers have the current advantage.  Good luck today!

Primary and Intermediate Levels

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