S&P500 Expert Lounge Update – June 4, 2018

Good morning everyone,

These are key MA levels:  5EMA 2715, 10DMA 2720,  20DMA 2712, 50DMA 2672, 100DMA 2710, 200DMA 2639

These are key Fib Levels:   2905, 2754, 2637, 2587

Here is today's market look at the S&P 500 for Monday, June 4, 2018

Data is light for the first trading session of the week with Factory Orders at 10:00AMEST followed by the TD Ameritrade Investor Movement Index at 12:30PMEST.  The technical side of the house saw some consolidation at the close of last week on the primary minor level at 2733.  Present price action looks set to extend the previous weeks gains and make another run at the primary pivot just north of 2740.  Above that level opens the door to the 2760's where price would find broadening resistance.  The nearest term target for sellers is the rising support at 2725 and then a stack of moving averages and intermediate minor level at 2715.  Good luck today!

Primary and Intermediate Levels Detail

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