Good morning everyone,
These are key timing for today: 5:30AMEST, 2:30PMEST
These are key MA levels: 5EMA 2101, 10SMA 2091, 20SMA 2074, 50SMA 2072
These are key Fib Levels: 2097, 2110, 2113
These are key primary and intermediate levels: 2086(major), 2099(minor), 2115(major)
Here is today's market look at the S&P 500 for Friday June 3, 2016
We have a huge data load for today's trading with the Employment Situation and International Trade at 8:30AMEST, PMI Services Index at 9:45AMEST, and ISM Manufacturing and Factory orders at 10:00AMEST. On the cycles charts we have a new resistance cycle on the 288 and impulses beginning to unwind on the 480, 135, and 15. The 5EMA continues to provide support on a daily closing basis which indicates that momentum traders are interested in buying on the dips. A daily close below the 5EMA is a good indication of waning enthusiasm from the buyers. Good luck today, trade safe, and have a good weekend.