S&P500 Expert Lounge Update – January 9, 2018

Good morning everyone,

These are key timing for today: n/a

These are key MA levels:  5EMA 2724, 10DMA 2703,  20DMA 2686, 50DMA 2633, 100DMA 2568, 200DMA 2491

These are key Fib Levels:  2765

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 Tuesday, January 9,  2017

The data flow today is again light with only the NFIB Small Business Optimism Index at 6:00AMEST, the Fed's Redbook at 8:55AMEST, nd the JOLTS Report at 10:00AMEST.  Very little has changed from yesterday's update as price continued to push up against the all time highs in a small broadening formation and continues to levitate above the broken broadening resistance now potentially support.  The first major challenge area on any pullback is going to be in the 2725 to 2730 zone with the most substantial consolidation area of this run and an accompanying gap out of it.  Good luck today!

Primary and Intermediate Levels Detail

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