S&P500 Expert Lounge Update – June 11, 2018

Good morning everyone,

These are key MA levels:  5EMA 2763, 10DMA 2739,  20DMA 2731, 50DMA 2687, 100DMA 2709, 200DMA 2647

These are key Fib Levels:   2822, 2741, 2729, 2717

Here is today's market look at the S&P 500 for Monday, June 11, 2018

With no economic data to speak of today, the technical picture is the sole focus for the first trading session of the week.  Friday's price ground its way higher back into the primary minor level at 2778 and managed to hold onto rising support.  The overnight price action remains around Friday's close so there isn't likely to be a dramatic opening price move.  Sellers will be looking to break rising support and head for the intermediate minor level at 2768.  Below that they open up into a sizable void all the way down to challenge the previous intermediate pivot at 2742.  Buyers primary goal is to maintain rising support and push price up through the primary minor level at 2778 and attempt to breakout over broadening resistance headed towards the primary minor level at 2800.  Good luck today!

Primary and Intermediate Levels Detail

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