Good morning everyone,
These are key timing for today: 9:45AMEST, 1:00PMEST
These are key MA levels: 5EMA 2110, 10SMA 2105, 20SMA 2083, 50SMA 2077
These are key Fib Levels: 2119, 2116, 2104, 2096
These are key primary and intermediate levels: 2099(minor), 2115(major), 2126(primary major)
Here is today's market look at the S&P 500 for Thursday, June 9, 2016
Be cautious with the cycles analysis due to the futures contract roll creating a large gap down in price which will take a couple days to balance out. The big economic report out today is Jobless Claims at 8:30AMEST followed by Bloomberg's Consumer Comfort Index at 9:45AMEST which coincides with timing and finally Wholesale trade at 10:30AMEST. Yesterday's high of day reached the last remaining downward sloping trendline/resistance from the all time high, and coupling that with HAL initiating short positions some weakness for today's session is to be expected. Trade safe and have a good day.