S&P500 Expert Lounge Update – January 24, 2018

Good morning everyone,

These are key MA levels:  5EMA 2816, 10DMA 2791,  20DMA 2747, 50DMA 2675, 100DMA 2603, 200DMA 2513

These are key Fib Levels:  2843, 2846

These are key primary and intermediate levels: 2595(intermediate minor) 2577 (intermediate minor), 2445(intermediate minor), 2490(intermediate minor)

Here is today's market look at the S&P 500 for Wednesday, January 24, 2018

We have a reasonable amount of data today with PMI Composite Flash at 9:45AMEST, Existing Home Sales at 10:00AMEST, and the EIA Petroleum Status Report at 10:30AMEST.  Price popped over broadening resistance and continued to base on it yesterday which has the potential to lead to more runaway price action.  It will be important for sellers to arrest this as soon as possible for them to have any hope.  Rising support comes into play in the 2830 to 2825 should sellers be able to put together a resistance.  Good luck today.

Primary and Intermediate Levels Detail

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