S&P500 Expert Lounge Update – June 6, 2018

Good morning everyone,

These are key MA levels:  5EMA 2731, 10DMA 2725,  20DMA 2720, 50DMA 2678, 100DMA 2710, 200DMA 2642

These are key Fib Levels:   2905, 2774, 2759, 2637, 2587

Here is today's market look at the S&P 500 for Wednesday, June 6, 2018

The remainder of the day is light in the data department with only the EIA Petroleum Status Report at 10:30AMEST.  Buyers found support early prior to hitting rising support but after breaching the intermediate minor level at 2744.  Today presently is shaping up to be a repeat of yesterday with overnight strength leading into cash market opening weakness but will put the cash market net higher overall.  Targets have not changed from yesterday with the buyers looking for broadening resistance and the next intermediate minor level overhead at 2767 and sellers first need to crack rising support before looking towards a gap fill, the moving averages stack and intermediate and primary levels in the 2730 zone.  Good luck today!

Primary and Intermediate Levels Detail

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